Hero MotoCorp Profit Jumps 15%

(20 second reading) Hero MotoCorp’s revenue from operations for the quarter stood at ?9,519 crore, up 15% from the Rs.8,307 crore posted in the same quarter last year. The auto major’s net profit for the quarter was at Rs.1,016 crore, reflecting a growth of 18% over Rs.859 crore reported in the previous year.
The company sold 13.92 lakh units of motorcycles and scooters in the March quarter.
EBITDA for the March quarter stood at Rs.1,359 crore, up 25% YoY. EBITDA margin for the quarter was at 14.3%, reflecting an improvement of 120 bps YoY basis. The company attributed the improvement to a better product mix, lower commodity costs, higher savings, and judicious price increases.