Hero MotoCorp on Thursday announced a 7.53 per cent increase in profit after tax to Rs524.66 crore for the third quarter ended December 31 on robust sales.
The company had posted a profit of Rs487.89 crore in the same period of the previous financial year. Net sales rose to Rs6,845.91 crore from Rs6,151.31 crore a year earlier, the company said in a statement. Hero MotoCorp sold 16,80,940 two-wheelers last quarter, compared with 15,73,135 units in the year-ago period.”We have been able to post solid sales in the quarter in a relatively dull market and our PAT (profit after tax) and total turnover figures are up from the corresponding quarter last year,” Hero MotoCorp ltd MD & CEO Pawan Munjal said in a statement.
“While the industry overall is under constant pressure due to a number of reasons, we committed to deliver value to our stakeholders. For this, we will continue to challenge the existing benchmarks and innovate constantly to pave the way for improved performance,” Munjal said.