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    Hero MotoCorp Q2 net dips 3% to Rs 980 crore

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    Hero MotoCorp Q2 net dips 3% to Rs 980 crore

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    Country’s largest two-wheeler maker, Hero MotoCorp, on Tuesday posted a 3 percent decline in net profit to Rs 980 crore for the second quarter ended September 30, 2018.

    The country's largest two-wheeler maker, Hero MotoCorp, on Tuesday posted a 3 percent decline in net profit to Rs 980 crore for the second quarter ended September 30, 2018.
    CNBC-TV18 poll had predicted profit at Rs 920 crore for the quarter under review.
    The company had posted a net profit of Rs 1,010 crore during the July-September quarter of 2017-18, according to a regulatory filing by the company.
    Total income of the company stood at Rs 9,090.94 crore for the second quarter, as compared to Rs 8,371.74 crore for the same period of the previous fiscal, Hero MotoCorp said in a statement.
    Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter stood at Rs 1,379 crore.
    The company sold 21.34 lakh units in September quarter, a 5.5 percent higher over 20.23 lakh units sold in a year-ago.
    Pawan Munjal, chairman, managing director and chief executive officer, Hero MotoCorp said, "I am pleased to share that Hero MotoCorp, backed by sustained demand for its popular range of motorcycles & scooters, continued its sales growth in Q2FY19 compared to the corresponding quarter in previous fiscal."
    Shares of Hero MotoCorp today closed at Rs 2,890 per scrip on BSE, up 0.23 percent from its previous close.
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