Hero MotoCorp Ltd. (HMCL), which happens to be the world’s largest 2-wheeler manufacturer, has reported best ever sales and financial results for the second quarter i.e. July-Sep 2016 and half year (Apr-Sep 2016) of financial year 2017. Hero MotoCorp has registered their highest ever sales of 18,23,498 units in a quarter. The company has achieved gross turnover of Rs 8448.74 Crore and highest ever net profit after tax (PAT) of Rs 1004.22 Crore during the period.Pawan Munjal, Chairman, Managing Director & Chief Executive Officer, Hero MotoCorp, said
The second quarter of this fiscal has been a defining phase in the journey of our young brand. The highest-ever volume sales during the quarter is a reiteration of the overwhelming customer preference of our products, and a testimony to our market leadership. At the same time, we have also delivered on our commitment of further strengthening our profitability by crossing the threshold Rs 1000 crore in PAT for the first time in a quarter. We continue to have an unwavering focus on exceeding customer expectations, as demonstrated by the launch of Splendor iSmart 110 - the first motorcycle designed and developed by our R&D team based at the Centre of Innovation & Technology (CIT) in Jaipur. The launch of this bike during the quarter is a strong statement on the immense progress we have made in rapidly scaling up our in-house R&D capabilities.
By: Farhan Kashif