Hero Motor Corp. Ltd (HMCL), the world’s number 1 two wheelers manufacture has continued its growth intact by posting a growth of 10.32% in net profit to reach at Rs 615.46 crore in Q1(quarter ended in 30 June, 2012) financial year 2012-13.
The company has posted a growth of 13.46% in net profit to reach at Rs. 557.68 crores in Q1 (quarter ended in 30 June, 2011) last year.
Mr. Pawam Munjal, CEO of Hero MotoCorp Ltd., “It has now been more than a year since we began our solo journey, and the success story at Hero MotoCorp only gets stronger with every passing quarter. While the momentum is with us, we are not resting on our laurels. We are stepping on the accelerator to expand our sprawling network within the country even as we enter new geographies globally.
HMCL has posted best-ever turnover (Net Sales & Other Operating income) of Rs. 6247.28 crores for the Q1 (April-June 2012) of FY’13.
This is a growth of 9.95 per cent over the corresponding period in the last fiscal (April-June
2011) of FY’12.
The company’s profit before tax for the period stood at Rs 734.88 crore, while profit after tax
(PAT) for the period stood at Rs 615.46 crores. The Company has recorded an EBIDTA margin
of 15 percent.
In FY 12, The Company’s total turnover has reached to Rs. 5683.33 crores. It is improved by 32 % against the Rs. 4296.61 cores in comparison to FY 1l.
EBITA margin of the company was 14.39% in the quarter, while its operating margin stood at 10.17 % for Q1 of financial year 2011-12.
Depreciating rupee has started to affect cost of production of Indian auto manufacturer due to over dependency on imported auto component and steel. The price of steel in domestic market is moving up and it would force companies to hike the prices of different models in future.
Hero MotoCorp recently announced a staggering investment of over Rs 2500 crore in setting up two new plants (in Rajasthan and Gujarat), expanding capacity at existing plants and in building an integrated R&D centre (in Rajasthan). With this expansion, total installed capacity of the company would be touching more than nine million units in two years’ time – which is in line with the stated objective of reaching 10 million units in the next five years.
New Delhi, July 20: Hero Motor Corp. Ltd (HMCL), the world’s number 1 two wheelers manufacture has continued its growth intact by posting a growth of 10.32% in net profit to reach at Rs 615.46 crore in Q1(quarter ended in 30 June, 2012) financial year 2012-13.
The company has posted a growth of 13.46% in net profit to reach at Rs. 557.68 crores in Q1 (quarter ended in 30 June, 2011) last year.
Mr. Pawam Munjal, CEO of Hero MotoCorp Ltd., “It has now been more than a year since we began our solo journey, and the success story at Hero MotoCorp only gets stronger with every passing quarter. While the momentum is with us, we are not resting on our laurels. We are stepping on the accelerator to expand our sprawling network within the country even as we enter new geographies globally.
HMCL has posted best-ever turnover (Net Sales & Other Operating income) of Rs. 6247.28 crores for the Q1 (April-June 2012) of FY’13.
This is a growth of 9.95 per cent over the corresponding period in the last fiscal (April-June2011) of FY’12.
The company’s profit before tax for the period stood at Rs 734.88 crore, while profit after tax(PAT) for the period stood at Rs 615.46 crores. The Company has recorded an EBIDTA marginof 15 percent.
In FY 12, The Company’s total turnover has reached to Rs. 5683.33 crores. It is improved by 32 % against the Rs. 4296.61 cores in comparison to FY 1l.
EBITA margin of the company was 14.39% in the quarter, while its operating margin stood at 10.17 % for Q1 of financial year 2011-12.
Depreciating rupee has started to affect cost of production of Indian auto manufacturer due to over dependency on imported auto component and steel. The price of steel in domestic market is moving up and it would force companies to hike the prices of different models in future.
Hero MotoCorp recently announced a staggering investment of over Rs 2500 crore in setting up two new plants (in Rajasthan and Gujarat), expanding capacity at existing plants and in building an integrated R&D centre (in Rajasthan).
With this expansion, total installed capacity of the company would be touching more than nine million units in two years’ time – which is in line with the stated objective of reaching 10 million units in the next five years.
