Hero MotoCorp's net profit for the quarter ended March dropped more than three per cent.The world’s largest two-wheeler maker said its net profit for the quarter ended March stood at Rs 554 crore, a drop of a little over three per cent compared to Rs 574 crore in the year-ago period. Net sales during the quarter stood at Rs 6,456 crore, an increase of a little over six per cent compared to Rs 6,072 crore in the corresponding period last year.
It has sold over 62,45,960 units in this fiscal and 15,89,462 units of two-wheeler for this quarter.The company reported profit after tax (PAT) of Rs 2109.08 crore and operating margin of 9.62 per cent, in the fiscal. HMCL’s EBIDTA stood at14.01 per cent for the financial year.The the earning per share (EPS) of 105.61 in line with the previous year despite the higher rate of income tax in the current year. There is only 30% tax exemption this year, it being the sixth year of the company’s operations at Haridwar. The company was entitled to 100% exemption in the first five years of operation at its plant located in Haridwar, which expired last year
A bike with a mind of its own #iSmart
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— Hero MotoCorp (@HeroMotoCorp) May 21, 2014
It has sold over 62,45,960 units in this fiscal and 15,89,462 units of two-wheeler for this quarter.The company reported profit after tax (PAT) of Rs 2109.08 crore and operating margin of 9.62 per cent, in the fiscal. HMCL’s EBIDTA stood at14.01 per cent for the financial year.The the earning per share (EPS) of 105.61 in line with the previous year despite the higher rate of income tax in the current year. There is only 30% tax exemption this year, it being the sixth year of the company’s operations at Haridwar. The company was entitled to 100% exemption in the first five years of operation at its plant located in Haridwar, which expired last year
