Hero MotoCorp registers net revenue of ₹ 7,865 crores in October to December quarter

Feb 01 2019 04:49 PM
Hero MotoCorp registers net revenue of ₹ 7,865 crores in October to December quarter

Leading two-wheeler manufacturer, Hero MotoCorp has registered quarterly revenue of ₹ 7,865 crore in the October to December quarter of the 2018-19 financial year.

The sales of 17,98,905  in Quarter if two-wheelers contributed to the strong revenue from operations, while Profit After Tax stood at ₹ 769 crore. Earnings before interest, tax, depreciation and amortization (EBITDA) stood at ₹ 1,105 crore. In the first three quarters of the current financial year (April to December 2018), Hero clocked sales of 60,39,585 two-wheeler units, reflecting a growth of 8.1 per cent.

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Pawan Munjal, Chairman, Hero MotoCorp Limited said "India continues to be the fastest-growing major economy in the world, even as global growth has been projected to moderate over the next couple of years. He further added that  For a country of India's size and potential, I see huge appetite for sustained growth in the long-term. I believe it is certainly possible to further accelerate our GDP growth from the current level to a double digit if we can manage time-bound execution of our key projects in infrastructure and other key sectors.

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Talking about Hero's recent launch, its most recent two-wheeler launch is the Destini 125, the first 125 cc scooter from Hero MotoCorp. Hero has also recently set up the company's first Research and Development (R&D) Centre at a global location - the Hero Tech Centre Germany GmbH. 

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