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Hero MotoCorp Posts Record Revenue & Sales In January-March
Last year was a tough one for the automotive industry, with slow growth and low sales. A few two wheeler manufacturers like Bajaj and TVS found their sales affected.
On the other hand, Hero has continued its heroic stand in the face of adversity by posting its highest-ever sales for any financial year, with 6.25 million units sold in FY 14.
"The industry continued to witness tepid growth during FY'14, although the sentiments did improve in the second half of the year, starting with the festival season in October. In FY'15, we have an action-packed year ahead of us with a slew of new products lined up for launch and further expansion of our global footprint." said Pawan Munja, MD and CEO, Hero MotoCorp.
The company now reports record sales for the 4th quarter (January-March 2014).
Riding on its highest-ever quarterly sales of 15,89,462 units of two-wheeler for the period, the company's total turnover (Net Sales & other Operating Income) in the quarter grew to Rs 6512.96 crore, a growth of 6 per cent over Rs. 6145.75 crore recorded in the corresponding quarter in last fiscal.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBIDTA) margin for the quarter stood at a healthy 13.73 per cent.
For the full financial year of 2013-14, the company reports landmark sales of over 62,45,960 units, with a total turnover of INR 25275.47 crore.
Profit after tax (PAT) is reported to be INR 2109.08 crore, with an operating margin of 9.62 percent, in the fiscal and EBIDTA of 14.01 percent for the financial year.
Financial Results: Q4, FY'14 (Jan-Mar 2014)
Total sales for Q4 stands at 15,89,462 units
Total turnover (Net sales and other operating income) Rs 6512.96 crore
Net profit after tax stands at Rs 554.43 crore
EBIDTA margin for the quarter 13.73 per cent
Financial Results: FY'14
Total unit sales of 62,45,960 two-wheelers
Total turnover (Net sales and other operating income) of Rs 25,275.47. crore
Net profit after tax stands at Rs 2109.08 crore
Total dividend of Rs 65 per share
EBIDTA margin for the year 14.01 per cent
EPS of Rs 105.61/-
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