Hero MotoCorp Q2 net profit up marginally at Rs 1,010 cr

Country's largest two wheeler maker Hero MotoCorp today posted a marginal increase in its net profit at Rs 1,010.49 crore for the second quarter ended September 30, although it clocked a record two million units sales during the period.
The company had reported a net profit of Rs 1,004.22 crore during the same period of the previous fiscal.
Total income of the company stood at Rs 8,479.59 crore for the second quarter, as compared to Rs 8,601.10 crore for the same period of the previous fiscal, Hero MotoCorp said in a statement.
"We clocked two million unit sales in a quarter for the first time, which also included the 7 lakh-plus sales in September - both global records," Hero MotoCorp Chairman, MD and CEO Pawan Munjal said.

The volume sales posted in July-September period this fiscal is the company's highest ever sales in a quarter, it added.
It resigered sales of 20,22,805 units during the period, a growth of 10.9 per cent over 18,23,498 units in the same period of previous fiscal.

"The all-time high sales in the quarter have translated into strong financial growth, reflecting the customers unwavering preference for our products and trust in the brand," Munjal said.
This has also set a new benchmark in the company's bottom line, he added.
Shares of the company today ended 0.99 per cent down at Rs 3,816.45 on the BSE.