Hero MotoCorp Reports 35% Growth in Q4 Net Profit

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    In a stock exchange filing, Hero MotoCorp on Wednesday reported a 34.8 percent increase in net profit at Rs 967.40 crore for the fourth quarter (Q4) on 2017-18 than Rs 717.75 crore in the same quarter of the previous year. This is its highest quarterly profit growth in two years. Check Hero MotoCorp share price here.

    Hero MotoCorp Reports 35% Growth in Q4 Net Profit

    The revenue for the March 2018 ended quarter was at Rs 8,564.04 crore, which is 14.25 percent higher in YoY (year-on-year) basis than Rs 7,495.68 crore in January-March 2017 quarter.

    The EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) was at Rs 1,317 crore for the January-March 2018 quarter, while the EBITDA margin stood at 16 percent.

    Hero MotoCorp sold over 20 lakh units in the quarter under review. As a part of its strategic involvement with the external companies, it has made Rs. 201 crore investment in Ather Energy for 30 percent equity. Ather will start retailing electric scooters.

    Read more about: hero motocorp
    Story first published: Wednesday, May 2, 2018, 15:50 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more