Jan - Mar'13 - Hero MotoCorp

Regd. office :- 34, Community Centre, Basant Lok , Vasant Vihar, New Delhi-110057Audited Financial Results for the quarter and year ended March 31, 2013(` in lacs)Quarter Quarter Quarter Year ended Year endedS. No. Particulars ended ended ended March 31, 2013March 31,2012March 31,2013December 31,2012March 31,2012Audited (Refernote 8 below) UnauditedAudited (Refernote 8 below) Audited Audited(1) (2) (3) (4) (5)No. of Two wheelers sold 15,27,351 15,73,135 15,72,027 60,75,583 62,35,2051 Income from Operations(a) Net sales/ Income from Operations ( Net of excise duty) 6,07,247 6,15,131 5,96,254 23,58,274 23,36,805(b)Other Operating Income 7,328 3,631 7,239 18,537 21,098Total Income from operations (net) 6,14,575 6,18,762 6,03,493 23,76,811 23,57,9032 Expenses[a] Cost of materials consumed 4,41,554 4,40,157 4,40,657 17,36,486 17,36,541[b] Change in inventories of finished goods and work-in-progress 2,398 18,383 1,171 3,280 (8,384)[c] Employees benefits expenses 22,590 19,824 19,231 82,092 73,552[d] Depreciation and amortisation expenses 26,553 28,323 28,041 1,14,175 1,09,734[e] Other expenses 63,055 62,533 49,909 2,26,505 1,94,316

d) Cash and cash equivalents 18,104 7,682e) Short-term loans and advances 55,355 47,560f) Other current assets3,190 4,036Sub-total - Current assets 5,07,761 4,83,096TOTAL -ASSETS 9,64,165 9,88,892Notes:-1 The above results for the year ended March 31, 2013 were reviewed by the Audit Committee and thereafter were approvedby the Board of Directors (Board) in its meeting held on April 26, 2013.2 Board at its meeting held on April 26, 2013 considered and recommended a dividend @ 3000% i.e. Rs.60 per equity share ofRs. 2 each for the financial year 2012-13. The dates of Book closure for the entitlement of such dividend and Annual GeneralMeeting shall be decided and informed in due course of time.3 As the Company's business activity falls within a single primary business segment viz 'Two-wheelers, its parts and ancillaryservices' and is a single geographical segment, the disclosure requirements of Accounting Standard (AS-17) "SegmentReporting", specified in the Companies (Accounting Standard) Rules, 2006 are not applicable.4 In line with Notification No. G.S.R. 378 (E) dated May 11, 2011 issued by The Ministry of Corporate Affairs, Government ofIndia, the exchange differences arising after April 1, 2007 on reporting of long term foreign currency monetary items at ratesdifferent from those at which they were initially recorded during the period, or reported in previous financial statements, inso far as they relate to the acquisition of a depreciable capital asset, have been added to or deducted from the cost of theasset and shall be depreciated over the balance useful life of the asset.5 The Board of Directors of Hero MotoCorp Limited (“the Company” / “HMCL”) in their meeting held on June 4, 2012 haveapproved the Scheme of Amalgamation (“the Scheme”) between the Company, Hero Investments Private Limited(“Transferor Company” / “HIPL”), and their respective Equity Shareholders and Creditors under sections 391 to 394 and otherapplicable provisions of the Companies Act, 1956, providing for merger of HIPL into the Company. The Appointed date ofthe Scheme is January 1, 2013.The Scheme has been approved by the Hon’ble High Court of Delhi on March 1, 2013, however, the certified copy of theOrder is still awaited. Pending completion of the formalities for effectuation of the Scheme, the effect of above has notbeen considered in these accounts.

6 Provision for tax includes current tax, deferred tax net off MAT credit entitlement of Rs. 1572 lacs.7 Previous quarter/year figures have been regrouped/ reclassified wherever necessary, to make them comparable.8 The figures of the last quarter are the balancing figures between the audited figures in respect of the full year and theunaudited published figures upto the third quarter ended December 31.9 The above results of the Company are available on the Company's website www.heromotocorp.com and also onwww.bseindia.com & www.nseindia.comFor and on behalf of the boardNew DelhiApril 26, 2013BRIJMOHAN LALL MUNJALChairman