The company had placed the net profit of RS 1122.63 Crore in the corresponding period of the last financial year.
Brokerage company Motilal Oswal had expected the company to report a decrease in net profit for the first quarter of 7% for the first quarter that ended on the back of weak volumes. Motilal Oswal also expected that Hero Motocorp would report that 60 BPS margin fell to 13.8%, referring to a higher EV mix and weak ice (internal combustion engine).
The income from operations in the course of the assessment was on RS 9578.86 Crore, a decrease of 5.6% of more than RS 10143.73 Crore in Q1FY25. Profit, tax, depreciation and amortization (EBITDA) last quarter was on RS 1382 Crore. EBITDA -Marge remained flat at 14.4%.
The company sold 13.67 Lakh Tweewielers in the last quarter, which is a decrease of 10.9% over 15.35 Lakh units that were sold in the period from a year ago.
Vivek Anand, Chief Financial Officer, Hero MotoCorp said: “Our profitability and margins remained resilient, supported by a strong demand for our Entry & Deluxe motorcycles and 125cc scooter signal signal. market. ” Robust pipeline of new product launches, we are confident to preserve and stimulate growth in the coming quarters, ”added Anand. Shares of Hero MotoCorp locks on RS 4,474.50 each, with 1.49% on BSE. The benchmark -index deceased on Wednesday after 0.21%.
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