Low volumes, BS-III discounts pull Hero's Q4 net down by 14% at Rs 718 cr

Total income fell about 8% to Rs 7,606 cr; announces final dividend of Rs 30 per share

Impacted by lower volumes and liquidation of BS III stocks, Hero MotoCorp, the country's biggest two wheeler maker, reported a 14% decline in profit for the fourth quarter ended March 31, 2017. The fourth quarter profit stood at Rs717.75 crore against Rs 833.29 crore in FY16. 

Revenue from sales declined almost eight% to Rs 7,488 crore. Volumes sold declined almost six% to 1.72 million units in the first full quarter post demonetization in November last year. The company said liquidation of BS III stocks in last two days of March at discounts led to a one-time impact on margins. EBIDTA