Two-wheeler maker Hero MotoCorp reported a flattish standalone net profit at Rs 1,126 crore in the first quarter, compared with Rs 1,123 crore in the year-ago quarter. Revenue fell 6% YoY to Rs 9,579 crore in the reporting period.
EBITDA for the quarter stood at Rs 1,382 crore while margins came in at 14.4%.
During the quarter, the company said it was positioning its products through portfolio enrichments. In the 125cc scooter segment, the charge was led by the Destini 125 and Xoom 125. In the 100cc motorcycle segment, Hero MotoCorp expanded the HF Deluxe Portfolio with the launch of the HF Deluxe Pro.
The company continued to see steady momentum in its electric mobility business under the VIDA brand, reinforcing its position in the evolving EV segment.
Global business operations also outperformed industry trends, driven by growth in key international markets.
Commenting on the performance, Vivek Anand, CFO, said, "Our profitability and margins remained resilient, supported by strong demand for our entry and deluxe motorcycles and 125cc scooter segments.
"We are witnessing good traction in our electric mobility business (VIDA), and global operations also remained ahead of industry, reflecting the strength of our brand in international markets," he said.
With favourable customer sentiment, upcoming festive season and a robust pipeline of new product launches, the company is confident of sustaining and driving growth in the coming quarters.
EBITDA for the quarter stood at Rs 1,382 crore while margins came in at 14.4%.
During the quarter, the company said it was positioning its products through portfolio enrichments. In the 125cc scooter segment, the charge was led by the Destini 125 and Xoom 125. In the 100cc motorcycle segment, Hero MotoCorp expanded the HF Deluxe Portfolio with the launch of the HF Deluxe Pro.
The company continued to see steady momentum in its electric mobility business under the VIDA brand, reinforcing its position in the evolving EV segment.
Global business operations also outperformed industry trends, driven by growth in key international markets.
Commenting on the performance, Vivek Anand, CFO, said, "Our profitability and margins remained resilient, supported by strong demand for our entry and deluxe motorcycles and 125cc scooter segments.
"We are witnessing good traction in our electric mobility business (VIDA), and global operations also remained ahead of industry, reflecting the strength of our brand in international markets," he said.
With favourable customer sentiment, upcoming festive season and a robust pipeline of new product launches, the company is confident of sustaining and driving growth in the coming quarters.
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