HindustanTimes Sat,23 Aug 2014

Hero MotoCorp Q2 net up 9.26% at Rs. 481.41 crore

PTI  New Delhi, October 23, 2013
First Published: 15:48 IST(23/10/2013) | Last Updated: 15:54 IST(23/10/2013)
The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 9.26% rise in its consolidated net profit for the second quarter ended September 30 at Rs. 481.41 crore.

The company had posted a net profit of Rs. 440.58 crore in the same quarter last fiscal, Hero MotoCorp said in a statement.
Net sales during the quarter under review stood at Rs. 5,696.46 crore as against Rs. 5,151.18 crore last fiscal, up 10.58%.
In terms of unit volume, the company said its sales during the quarter grew by 6.26% to 14,16,276 units as against 13,32,805 units units in the year-ago period.
Shares of Hero MotoCorp closed at Rs. 2,086.35 per scrip, up 0.79%.

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