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Updated on: Thursday, May 30, 2019, 12:23 AM IST

Hero MotoCorp profit rises on higher sales

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Mumbai : Two-wheeler major Hero MotoCorp posted a 4.3 per cent rise in net profit to Rs805 crore during the quarter ended December 2017 on the back of higher sales particularly in its scooter segment.

The company had posted a net profit of Rs 772 crore in the year-ago period.

Revenue from operations were up 5.9 per cent at Rs 7,305 crore during the quarter. Revenue from operations in the year-ago period included excise duty, while that for October-December excluded goods and services tax, and hence is not strictly comparable. The revenue from operations, excluding excise duty, rose 14.78 per cent on year.

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Total expenditure during the quarter was at Rs 6,287 crore compared with Rs 5,945 crore a year ago. Operating margin of the company shrank to 15.90 per cent in the December quarter from 16.90 per cent in the same period a year ago. The company’s tax payment was at Rs 323 crore as against Rs 313 crore a year ago.

In the previous quarter, the company’s net profit was at Rs 1,010 crore, on revenue from operations of Rs 8,362 crore.

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Published on: Wednesday, February 07, 2018, 12:14 AM IST
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