Page 26 - Hero Motocorp

Hero MotoCorp's profit jumps 71% to Rs 814 cr

Two-wheeler maker Hero MotoCorp has posted a 71 per cent growth in net profit for the March quarter at Rs 814 crore against Rs 477 crore in the year-ago period. Turnover for the quarter increased to Rs 7,512 crore from Rs 6,794, an increase of around 11 per cent. Total two-wheeler sales for the quarter was 17,21,240 units.Profit for FY16 was Rs 3,132 crore against Rs 2,386 crore in the year-ago period, an increase of 31 per cent. Total Income increased from Rs 27,585 crore to Rs 28,599 crore.Pawan Munjal, chairman, managing director and chief executive, said, "The completion of FY16 marked five years of sustained leadership in our bold new solo journey that we embarked upon in 2011. In addition to consolidating our market leadership in terms of volumes, we have also worked on making Hero MotoCorp a more profitable company."

Hero MotoCorp Q4 net surges 71% to Rs 814 crore

The company sold 17,21,240 two-wheelers during the fourth quarter, up 9.25% from 15,75,501 units a year ago

Hero to invest Rs 3k cr in new Andhra unit

State govt has allotted 600 acres for the plant, which will have a capacity of 1.8 million units

Hero MotoCorp sales up 14% in March; sells over 6 lakh units

For fiscal ended March 31, it posted a marginal increase in sales at 66,32,322 units as against 66,31,826 units in previous year

Armed with new R&D centre, Hero to focus on premium bikes

Inaugurates Rs 850-cr centre near Jaipur

Hero MotoCorp declares interim dividend of Rs 40 per share

Company had reported a 13.6% rise in sales at 5,50,992 units in February this fiscal

Hero MotoCorp hits 52-week high on strong February sales

The stock surged 6% to Rs 2,834 on NSE after the company clocked 13.6% growth in two-wheeler sales in Feb.

Hero MotoCorp sales rise 14% in February

The company had sold 484,769 units