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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

PTI [ Updated: July 25, 2013 7:18 IST ]
hero motocorp net down
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 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.”

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