Millennium Post

Hero MotoCorp Q2 net zooms 59% to Rs 763 cr

The company had posted a net profit of Rs 481 crore during the same period of previous fiscal. Turnover of the company rose 20.76 per cent to Rs 6,915 crore for the second quarter, as against Rs 5,726 crore during the same period of previous financial year, Hero MotoCorp said in a statement.

In terms of volumes, the company's total sales during the quarter stood at 16,92,593 units, up 19.5 per cent from 141627 units sold in the same period of previous fiscal.

Commenting on the results, Hero MotoCorp Vice Chairman and Managing Director Munjal said: '...a concerted focus on costs has enabled us to have good margins even as we continue to keep strengthening our market leadership.'

'These numbers bode well for the festive season and we are looking at leveraging this momentum to ensure record retail sales in the month of October,' Munjal added.
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