HomeBUSINESSHero MotoCorp Q1 results: PAT at ₹624 cr; sales rise 53%

Hero MotoCorp Q1 results: PAT at ₹624 cr; sales rise 53%


India’s largest two-wheeler maker Hero MotoCorp on Friday posted a 71% jump in its standalone net profit at 624.52 crore for the first quarter ended 30 June, 2022. The company had posted net profit of 365 crore in the corresponding period of the previous financial year.

The company’s revenues from operations in the period under consideration (Q1FY23) jumped 53% to 8,392.54 crore from 5,487 crore earlier. Total expenses stood at 7,621.73 crore, which is a jump or decline of % over 5,141 crore registered in Q1FY22.

Ebitda (Earnings before interest, tax, depreciation and amortisation) margin for the June quarter stood at 941 crore.

The company sold 13.90 lakh two-wheelers in the first quarter, up 36% over 10.25 lakh units recorded in the year-ago period.

On Friday, Hero MotoCorp scrip was down 0.98% to close at 2,758.00 on the NSE.

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