HERO Motocorp Financial Results: Q1 (April – June), FY ‘18

 

  • Highest-ever quarterly sales: 18,53,647 units [sturdy growth of 6.2{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24} over corresponding period last year (April-June’16: 17,45,389 units)]
  • Gross turnover (Gross sales and other operating income) Rs. 8612.9 Crore (7.5{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24} growth over the corresponding period last year)
  • Earnings Before Interest, Depreciation, Tax & Amortization (EBIDTA) for the Quarter stood at Rs. 1295.9 Crore reflecting 16.3{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24} EBITDA margin (vs. Rs 1230.1 Crore for the corresponding period last year)
  • Profit Before Tax (PBT) at Rs. 1293.1 Crore and Net Profit After Tax (PAT) at Rs. 914.0 Crore

 

the world’s largest two-wheeler manufacturer, todayannounced record performance for the first quarter of the Financial Year (FY ‘18).

In Q1 (April-June 2017) of FY’18, the company registered the highest-ever sales volumes – 18,53,647 units – for any quarter. Hero MotoCorp sold 17,45,389 units in the corresponding quarter of the previous fiscal (April-June 2016), thereby registering a growth of 6.2{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24}.

During the quarter, Hero MotoCorp posted a Gross turnover (Gross Sales & other Operating Income) of Rs 8,612.9 croer and net profit after tax (PAT) of Rs 914.0 crore. The Company had reported a total turnover of Rs 8010.7 croer and PAT of Rs 883.1 croer in the corresponding quarter (April-June 2016) in the previous fiscal.

The EBIDTA margin remains steady at 16.3{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24}.

Key Highlights – Q1 FY’18

1.Expansion of International Manufacturing Operations  : Commenced commercial production at its second  global                                                                                                    manufacturing facility in Bangladesh in May  2017

2.Sales Milestones                                                           :Registered the best ever first quarter sales of 18,53,647 units                                                                                              in Q1 FY’18

                                                                                         :Achieved Six-lakh plus sales in two of the three months in Q1                                                                                             – May (633,756) and June (624,185)

                                                                                         : Reported robust growth in sales of motorcycles  (13{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24}) and                                                                                                Scooters (22{3eb5ecf1d2f2ded33f3402e23daa92fa26040127f98c5698cfa7c8d6059cbb24}) in June 2017 vs June 16

3.Industry Recognition                                                     :  Awarded the coveted title of ‘Indian MNC of the Year’ by the                                                                                               All India Management Association (AIMA)

4.Global Sports Associations                                           :   Extended the innovative Hero Challenge by three years to                                                                                                  multiple events on the European Tour

Leave a reply

There is no custom code to display.