Hero MotoCorp profit increased 1515.52% in (Q2) FY 2020-21

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Team Infinities:

Hero MotoCorp Limited NSE Symbol:HEROMOTOCO, BSE Security Code:500182 has declared its 2nd(second) quarter unaudited consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
96.07 31.19 78.25 127.26 162.36
Calculated Revenue of Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
64.88 208.02%(Revenue Increase) 17.82 22.77%(Revenue Increase) 35.10 21.62%(Revenue Decrease)

Revenue: Hero MotoCorp Limited's financial report shows that the company's revenue increased by 208.02% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.64.88 billions, as the company posted revenue of Rs.96.07 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.31.19 billions.
The result also shows that the company's revenue increased by 22.77% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue increase of Rs.17.82 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.78.25 billions.
The company also reported that its revenue decreased by 21.62% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.35.10 billions, since the company reported revenue of Rs.127.26 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.162.36 billions.

Gross Margin(%) Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
29.63 41.72 25.91 32.52 27.98
Calculated Gross Margin(%) of Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
12.09 28.98%(GM Decrease) 3.72 14.36%(GM Increase) 4.54 16.22%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 28.98% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 12.09% GM decrease, as the company reported 29.63% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 41.72% GM.
The result also indicates, the company's GM increased by 14.36% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 3.72% GM increase; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 25.91% GM.
The company also reported that its GM increased by 16.22% in 6 months end(April, 2020 - September, 2020) for 4.54% GM increase, since the company reported 32.52% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 27.98% GM.

EBITDA Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
14.28 2.69 12.63 17.24 34.06
Calculated EBITDA of Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
11.59 430.86%(EBITDA Increase) 1.65 13.06%(EBITDA Increase) 16.82 49.38%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 430.86% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.11.59 billions, as the company posted EBITDA of Rs.14.28 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.2.69 billions.
The result also shows that the company's EBITDA increased by 13.06% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.1.65 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.12.63 billions.
The company also reported that its EBITDA decreased by 49.38% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.16.82 billions, since the company reported EBITDA of Rs.17.24 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.34.06 billions.

Profit and Loss Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
9.37(Profit ) 0.58(Profit ) 8.84(Profit ) 10.22(Profit ) 21.40(Profit )
Calculated Profit and Loss of Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
8.79 1515.52%(Profit Increase) 0.53 6.00%(Profit Increase) 11.18 52.24%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 1515.52% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.8.79 billions, as the company posted profit of Rs.9.37 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.0.58 billion.
The result also shows that the company's profit increased by 6.00% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit increase of Rs.0.53 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.8.84 billions.
The company also reported that its profit decreased by 52.24% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.11.18 billions, since the company reported profit of Rs.10.22 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.21.40 billions.

EPS Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
47.99 2.96 44.25 50.95 107.17
Calculated EPS of Hero MotoCorp Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
45.03 1521.28%(EPS Increase) 3.74 8.45%(EPS Increase) 56.22 52.46%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 1521.28% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.45.03, as the company posted EPS of Rs.47.99; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.2.96.
The result also shows that the company's EPS increased by 8.45% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS increase of Rs.3.74; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.44.25.
The company also reported that its EPS decreased by 52.46% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.56.22, since the company reported EPS of Rs.50.95; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.107.17.

Assets Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Details Non-current Assets Current Assets
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 102.32 110.25 127.28 86.49
  Change Change % Change Change %
Calculated 7.93 7.19%(Assets Decrease) 40.79 47.16%(Assets Increase)

Assets:The company reported its non-current assets decreased by 7.19% in current quarter(September, 2020) for non-current assets decrease of Rs.7.93 billions, since the company reported net non-current assets of Rs.102.32 billions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.110.25 billions.
The balance sheet of the company also shows that, its current assets increased by 47.16% in current quarter(September, 2020) for current assets increase of Rs.40.79 billions, as the company reported net current assets of Rs.127.28 billions; against previous year end(March, 2020) when the company reported net current assets of Rs.86.49 billions.

Liabilities Reported by Hero MotoCorp Limited for Second Quarter FY, 2020-21
Details Non-current Liabilities Current Liabilities
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 8.87 8.48 70.17 42.79
  Change Change % Change Change %
Calculated 0.39 4.60%(Liabilities Increase) 27.38 63.99%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities increased by 4.60% in current quarter(September, 2020) for non-current liabilities increase of Rs.0.39 billion, since the company reported net non-current liabilities of Rs.8.87 billions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.8.48 billions.
The balance sheet of the company also shows that, its current liabilities increased by 63.99% in current quarter(September, 2020) for current liabilities increase of Rs.27.38 billions, as the company reported net current liabilities of Rs.70.17 billions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.42.79 billions.

 


***All amounts are given in Billion Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.