INSUBCONTINENT EXCLUSIVE:
increase in net profit at Rs 967.40 crore for the three months ended March 31, 2018 on back of strong sales, especially in rural areas
The company had posted net profit of Rs 717.75 crore in the corresponding period of the last financial year.
Revenues from operations (net
of excise) went up 23.7% to Rs 8564.04 crore in the quarter under review, compared to Rs 6922.80 crore posted in the year-ago period
Ebitda (earnings before interest, tax, depreciation and amortisation) margin last quarter stood at 16%.
Bharat Gianani, research analyst (
Revenues grew in strong double digits driven mostly by volume growth
Strong traction in rural areas and low base helped the company to post strong volume growth
EBIDTA margins improved on y-o-y basis due to low base but were flattish sequentially
Low margin base in Q4FY2017 (due to higher discounting on back of BS4 emission norm transition and operating leverage due to volume drop)
technological innovations at Hero MotoCorp and its alliances
the company is committed to address consumer requirements for premium motorcycles and futuristic environment-friendly products
Work is on in the electric vehicle segment through engagements with the external ecosystem, including start-ups
Hero MotoCorp has made a strategic investment of Rs 201 crore in Ather Energy (for equity stake of 30%), which will commence retail sales of
its smart electric scooter S340 shortly
Hero MotoCorp had also taken the covers of 200 cc motorcycles XPulse and XTreme200R at the Auto Expo, dispatches for which will start this
rainfall for third consecutive year and higher crop output and MSP in last two years, we expect double digit volume growth to sustain in
