Hero MotoCorp net down
New Delhi July 25: Hero MotoCorp on Wednesday reported a 10.86 per cent decline in its net profit at Rs.548.58 crore for the first quarter ended June 30, 2013, against Rs.615.46 crore in the year-ago
New Delhi July 25: Hero MotoCorp on Wednesday reported a 10.86 per cent decline in its net profit at Rs.548.58 crore for the first quarter ended June 30, 2013, against Rs.615.46 crore in the year-ago period.
Net sales declined by 1.30 per cent to Rs.6,126.84 crore from Rs.6,207.78 crore.
Commenting on the results, Hero MotoCorp Managing Director and CEO Pawan Munjal said: “The fact that profit before tax has surpassed the previous as well as the corresponding quarter, despite a marginal de-growth in volumes during the quarter and the overall economic slowdown, is a strong statement of our intent and vision.”
Net sales declined by 1.30 per cent to Rs.6,126.84 crore from Rs.6,207.78 crore.
Commenting on the results, Hero MotoCorp Managing Director and CEO Pawan Munjal said: “The fact that profit before tax has surpassed the previous as well as the corresponding quarter, despite a marginal de-growth in volumes during the quarter and the overall economic slowdown, is a strong statement of our intent and vision.”