Hero retains its ‘Desh ki Dhadkan’ title with robust Q4 numbers

India’s largest two wheeler maker, Hero MotoCorp has posted outstanding Q4FY16 results followed by highest ever sales. Quarter on Quarter sales remained marginally positive with the seasonal impact. However, Year on Year growth stands exceptionally higher.

Company’s standalone total income from operations has increased by 3 per cent to Rs 7512.17 crore for Q4FY16 from Rs 7294.78 crore in the last quarter.  EBITDA has risen by 3.1 per cent at Rs 1175.81 crore as against Rs 1139.93 crore in the last quarter. Net profit of the company has come in at Rs 814.16 crore as against Rs 795.81 crore, an increase of 2.3 per cent.

The Year on Year (YOY) results show that, Company’s standalone total income from operations have risen by 10.6 per cent from Rs 6793.87 crore in the same quarter last year. EBITDA of company has risen by 40.2 per cent from Rs 838.37 crore. Year on year Net profit (PAT) has increased by 70.9 per cent from Rs 476.53 crore.

On a yearly basis Hero MotoCorp has posted standalone total income from operations of Rs 28613.73 crore for the year ended March 2016 compared to Rs 27538.03 crore in March 2015, an increase of 3.9 per cent. Net profit too has risen from Rs 2364.7 crore in FY15 to 3093.78 crore in FY16, an increase of 30.8 per cent. 

Hero MotoCorp is a two wheeler manufacturer engaged in manufacturing and selling of motorised two-wheelers, spare parts and related services. The stock closed on a flat note on the day of results at Rs 2893.75.