The stock up 3% to Rs 3,849 after the company reported 8.7% growth in sales at 633,884 units in May
Total income fell about 8% to Rs 7,606 cr; announces final dividend of Rs 30 per share
Analysts had muted expectation for March quarter, given the overhang of change in emission norms
Hero is also set to open its second global manufacturing facility in Bangladesh later this year
Industry was badly hit by demonetisation announced in Nov last year as rural sales took a beating
Says, with improving cash situation and consumer sentiment, volumes are gradually picking up
Income from operations slipped 9.7% to Rs 6,780 crore
Company says its 3 manufacturing facilities were closed from Dec 26-31
The company said it saw a drop in retail sales after the demonetisation initiative
Hero MotoCorp sold 254,813 Splendors, about 4,000 more than the 250,681 Activas sold by its rival Honda Motorcycles and Scooters India
The company has crossed six lakh plus sales in five months during 2016 so far
Ather is a Bengaluru-based technology start-up engaged in the business of designing and manufacturing smart EVs
EBIDTA margin improved to a record 16.20% as against 14.91% during last year, helped by softer commodities, cost control measures
This is the second consecutive month that Hero has sold six-lakh plus units
Company's motorcycle range begins at Rs 40,000 and goes up to Rs 107,000
The bike comes with new BS IV compliant engine with Hero's patented i3S technology
However, Munjal will continue to hold 32,500 equity shares of the company
However, he will continue to hold 32,500 shares, 0.02 per cent of the paid-up capital, as an individual shareholder
Income from operations rose 7.7% to Rs 7,901 cr in the quarter against Rs 7,336 cr in the same period last year
Company had registered a net profit of Rs 747.54 crore during the April-June period last financial yeah