Menu
Home
Forums
New posts
Search forums
What's new
Featured content
New posts
New media
New media comments
New resources
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Misc
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Labrish
Nyuuz
Hero MotoCorp profit soars 65 percent on Ather gain despite revenue slip in Q1
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Munyaradzi Mafaro, post: 56275, member: 636"] Hero MotoCorp delivered contrasting quarterly results as sales revenue declined 4.73 percent to Rs 9,727.75 crore from the previous year's Rs 10,210.79 crore. The motorcycle manufacturer's net earnings jumped 65.3 percent to Rs 1,706 crore compared with Rs 1,032 crore from the same period. A significant one-time windfall of Rs 722 crore emerged from reducing its stake in associate firm Ather Energy following their public offering. The electric vehicle division under VIDA branding demonstrated consistent expansion within the changing mobility market. International operations exceeded sector benchmarks through premium motorcycle sales and expanding market presence. Chief Financial Officer Vivek Anand attributed strong margins to robust demand for basic and luxury motorcycles plus 125cc scooters. Customer registration data through VAHAN systems confirmed stable retail purchasing patterns during the quarter. The executive expressed optimism about sustained growth through festival season buying and new product introductions. Market investors responded negatively as share prices dropped 1.7 percent to Rs 4,470 per unit. Management anticipates continued healthy consumer demand across upcoming quarters. [/QUOTE]
Insert quotes…
Name
Post reply
Home
Forums
Labrish
Nyuuz
Hero MotoCorp profit soars 65 percent on Ather gain despite revenue slip in Q1
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top