Hero MotoCorp fell 1.09% to Rs 2,862.50 at 09:18 IST on BSE after net profit rose 70.85% to Rs 814.16 crore on 10.57% increase in total income to Rs 7614.61 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after trading hours yesterday, 5 May 2016.Meanwhile, the BSE Sensex was down 158.21 points, or 0.63%, to 25,096.70
On BSE, so far 9,570 shares were traded in the counter, compared with an average volume of 50,120 shares in the past one quarter. The stock was volatile. The stock hit high of Rs 2,913 and low of Rs 2,829 so far during the day. The stock hit a 52-week high of Rs 3,170 on 13 April 2016. The stock hit a 52-week low of Rs 2,252 on 8 May 2015.
The large-cap company has an equity capital of Rs 39.94 crore. Face value per share is Rs 2.
Hero MotoCorp's earnings before interest, taxation, depreciation and amortization (EBITDA) margin edged higher to 15.65% in Q4 March 2016, from 12.34% in Q4 March 2015. The improved profit margins were the combined result of the highest-ever quarterly sales of 17.21 lakh units and several margin improvement initiatives taken during the period, the company said in a statement.
The net profit rose 31.30% to Rs 3132.37 crore on 3.25% increase in total income to Rs 28990.42 crore in the year ended March 2016 over the year ended March 2015.
On a consolidated basis, the net profit rose 30.83% to Rs 3093.78 crore on 3.47% increase in total income to Rs 29002.81 crore in the year ended March 2016 over the year ended March 2015. EBITDA margin stood at 15.55% in the year ended March 2016, higher than 12.84% in the year ended March 2015.
Hero MotoCorp Chairman, Managing Director and CEO Pawan Munjal said that the company continues to remain cautiously optimistic for the year ending 31 March 2017 (FY 2017). The industry hopes for a good monsoon, which may help market sentiments to improve towards the second half of this fiscal, Pawan Munjal said.
Hero MotoCorp's board of directors recommended a final dividend of Rs 32 per share for the financial year ended 31 March 2016 (FY 2016).
On 2 May 2016, Hero MotoCorp reported 14.89% increase in total sales to 6.12 lakh units in April 2016 over April 2015.
Hero MotoCorp is the world's largest two-wheeler manufacturer in terms of production capacity.
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