Hero MotoCorp Ltd, the country’s largest two-wheeler manufacturer, on Thursday reported a 38.2 per cent year-on-year increase in net profit to Rs 865 crore for the quarter ended March 31, as sales of its motorcycles and scooters improved on a low base of the year period and rise in demand for entry-level motorcycles in the rural and semi-urban markets.
The New Delhi-based automaker reported a net profit of Rs 621 crore in the corresponding period as sales took a hit due to economic slowdown and transition to new safety and emission norms.
The two-wheeler maker which had shut down its factories on April 22, has extended the closure to May 10.
Hero MotoCorp Ltd Q4FY21 consolidated PAT at Rs 880 94 crore equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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The country s largest two-wheeler maker Hero MotoCorp has posted 13.7 per cent increase in its consolidated profit after tax at Rs 1,029.17 crore for the third quarter ended December 31, 2020. The company had reported a net profit of Rs 905.13 crore in the October-December period of the previous fiscal. The two-wheeler major s revenue from operations rose to Rs 9,827.05 crore during the period under review, as compared to Rs 7,074.86 crore in the third quarter of 2019-20, Hero MotoCorp said in a regulatory filing. On a standalone basis the company reported 23.17 per cent increase in its PAT at Rs 1.084.47 crore, as against Rs 880.41 crore in the same period of the previous fiscal.
Hero Aims To Benefit From Harley Brand Image, Joint Product Development On Track moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.