- Highest-ever quarterly sales: 18,53,647 units [sturdy growth of 6.2% 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% 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% 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%.
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%.
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%) and Scooters (22%) 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