The country's largest two-wheeler maker Hero MotoCorp today reported 34.78 per cent increase in net profit at Rs 967.40 crore for the fourth quarter ended March 31, riding on the back of robust sales.
The company had posted net profit of Rs 717.75 crore in the year-ago period, Hero MotoCorp said in a BSE filing.
Net sales for the quarter under review stood at Rs 8,564.04 crore as against Rs 6,922.80 crore in the same period previous fiscal, up 23.7 per cent.
Volume sales were at 20,01,595 units as against 16,21,805 units in the year-ago period, up 23.4 per cent.
For the fiscal 2017-18, Hero MotoCorp said its net profit was at Rs 3,697.36 crore as compared to Rs 3,377.12 crore in 2016-17, a rise of 9.4 of per cent.
Net sales for FY18 were at Rs 32,230.49 crore as compared to Rs 28,500.46 crore in FY17, up 13.1 per cent.
Volume sales for the year were at 75,87,154 units as compared to 66,64,240 units in the previous fiscal, up 13.84 per cent.
Shares of Hero MotoCorp were trading 1.9 per cent down at Rs 3,662.70 on the BSE.
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