Hero Motors announced Q2 Finance results in net profit jump 9% to Rs 953 crores
India is the biggest Two Wheeler maker on Hero MotorCorp announced Q2 Finance results in net profit report Jump 9% percent on year-on-year growth to Rs.953 crores September 30,202, but last year same quarter net profit the 874 crores.
The company’s total revenue in the quarter increase 23.7% percent year-on-year to Rs.9,367.34 crore as against last year the same quarter revenue of Rs.7,570.70 crore.
EBITDA (Earnings Before Interest Taxes Depreciation and Amortization) margin in the Q2 13.7% percent as against the previous quarter 3.6% percent.
Hero Motors shares today’s price changes -52.20 points down and in the day market closing share price Rs.2,894.
Hero MotorCorp, CFO, Mr. Nirangan Gupta Said; ‘The earning in the second quarter of FY21 reflect a string performance, signaling a gradual revival from the negative impact of the global pandemic. The recovery in demand to pre-covid levels, credivle resumption of supply chain and logistics, cost & cash management, along with judicious price increase, has helped deliver profitability’.
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