Hero MotoCorp has announced a 27.74 per cent rise in Q2 net profit, posting its highest-ever quarterly sales of 18,23,498 units (growth of 15.8% over corresponding period last year. During July 2015 to September 2015, the firm sold 15,74,861 units.
The firm posted an all-time high net profit of Rs 1,004.22 crore in the second quarter of current fiscal against Rs 786.12 crore in the corresponding quarter of the last fiscal.
Earnings before interest, depreciation, tax, and amortisation (EBIDTA) margin improved to its highest-ever 16.20 per cent, as against 14.91 per cent over the corresponding quarter aided by softer commodities and cost control measures (LEAP).
Pawan Munjal, Chairman, Managing Director and Chief Executive Officer, Hero MotoCorp, said, "The second quarter of this fiscal has been a defining phase in the journey of our young brand. The highest-ever volume sales during the quarter is a reiteration of the overwhelming customer preference of our products, and a testimony to our market leadership."
The earnings were announced after market hours. The Hero MotoCorp stock closed 1.92 per cent higher at Rs 3,421.55 levels on the BSE.
Add Comment