Hero MotoCorp net rises a tad at Rs 1,010 cr

Company recorded a 10.9% y-o-y growth in sales

Two-wheeler major Hero MotoCorp posted a flat growth in net profit for the quarter ended September 30 at Rs 1,010.49 crore even as it recorded its highest-ever quarterly sales of 2,022,805 units. 

Net revenue from operations came in at Rs 8,362 crore during Q2 in FY18, a growth of 7.3 per cent over the corresponding period last year. The company stated that net revenue from operations on like-for-like basis have grown 11.5 per cent over last year. 

The Ebitda stood at Rs 1,456 crore reflecting 17.4 per cent margin (versus a 17.6 per cent in the year-ago