Business

Hero MotoCorp Q2 Profit Rises 28% To Rs. 1,004 Crore

New Delhi: Hero MotoCorp on Wednesday reported a 27.74 per cent increase in net profit at Rs. 1,004.22 crore for the fiscal second quarter that ended on September 30, 2016, riding on its best-ever quarterly sales.

The company had posted a net profit of Rs. 786.12 crore for the corresponding period last fiscal year, the two-wheeler market leader said in a filing to the BSE.

Total income from operations in the quarter under review stood at Rs. 8,448.74 crore as against Rs. 7,346.47 crore in the corresponding period last fiscal year – an increase of 15 per cent.

The company posted its highest-ever quarterly volume sales during the period at 18,23,498 units, as against 15,74,861 units – an increase of 15.78 per cent.

Commenting on the performance, Hero MotoCorp chairman, managing director and chief executive officer Pawan Munjal 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.”

He further said that the company has also delivered on its commitment in further strengthening profitability by crossing the threshold Rs. 1,000 crore in PAT for the first time in a quarter.

On the outlook, Mr Munjal said the domestic market has seen a revival in the past two quarters due to an above-average monsoon and positive consumer sentiment.

“The trend is expected to continue through the year and likely to result in double-digit growth for the industry. In the global markets, however, the industry continues to face headwinds due to volatile business environment driven by continued weakness in crude prices and sharp depreciation of local currencies,” he added.

Shares in Hero MotoCorp ended 1.92 per cent day higher at Rs. 3,421.55 apiece on the BSE, whose benchmark Sensex index finished down 0.91 per cent.

fab melo continues to be a twitter trendA lighter alternative is the 70 300mm lens, which will often be long enough. A guinea pig’s idea of fun differs a lot from other pet’s ideas of fun. Fit a pastry bag with a medium size round tip and fill cheap oakleys outlet with the brown frosting. Going forward, we will be a major player in the newest and most important distribution platform for premium content.. 6.21.3h undocked, PP=0.19).. The administration has argued that settlements undermine the two state solution, which calls for the creation of an independent Palestinian state. Next day turkey. But Air India, propelled by a brilliant show of tact and cohesion, turned the script upside down to net the full quota of points.. “We feel so strongly about this, that we’re now taking this message to a bigger stage, the Super Bowl, so even more people can join us to Cheap NFL Jerseys champion girls’ Cheap NFL Jerseys confidence and change the meaning of ‘like a girl’ from an insult into something positive and amazing.”. It also contains 8.1% alcohol by volume, and comes typically in a 40oz glass bottle. And, you know, you have the civil rights movement, you have sex trafficking, you have, you know, immigration law. The elements of a charge, in this case murder, not only require proof that by the direct actions of the accused, someone is dead, they also require that the murderer intended to kill the person who died. Some fans held up signs related to the shootings. Good afternoon, and welcome to our earnings live stream hosted on Yahoo! Finance. No doubt, cutting government waste will help! But it tough to cut spending when so much of it goes to education, economic creativity and stimulus, to defending ourselves, helping others abroad or is designed to for those who have too little nothing.. Alex Smith has been vital for the Chiefs in their recovery, being the anchor under centre that his teammates have relied on. Winston Churchill, who is famous for leading Great Britain during World War II, suffered from speech impediment during his childhood. Research firm SNL Kagan estimates that about 14.4 million households pay for internet but not TV. Recruited to oversee that project was Disney Chairman and CEO Robert Iger, who spoke of his love for the NFL and his branding expertise and reminded the 32 owners that, as head of ESPN’s parent company, he had paid them all plenty of money over the years.. Another friend of mine, Karen Cheap Jordan Shoes Vance, started out as a watercolor artist in Winter Park, Colorado. The only question I continue to have about all this Cheap Jerseys comical hubbub is why don’t y’all just relax and enjoy it. Reporter: Instead he started hyperbaric oxygen treatments at Jupiter.

Related Articles

Leave a Reply

Back to top button