Hero Honda’s second quarter profit down 15.32 percent
October 29th, 2010 - 8:39 pm ICT by IANSNew Delhi, Oct 29 (IANS) Two wheeler giant Hero Honda Friday reported a 15.32 percent decline in net profit for the second quarter at 505.60 crore as against Rs.597.14 crore in the year-ago period.
The company sold 12,85,944 two-wheeler units, fuelled by four lakh-plus sales in each month of the quarter.
The company’s net sales and other operating income grew by 11.85 percent and stood at Rs.4,551.95 crore as compared to Rs 4069.60 crore in the second quarter of 2009.
The company said in the second quarter of the current fiscal it faced rising input costs, primarily steel and aluminum, as well as Bharat Stage-III (BS-III)-linked product up-gradation costs.
Hero Honda also launched two new models in the quarter namely new Splendor Pro and Super Splendor, both in the deluxe segment.
- Hero MotoCorp's October sales up 1.32 percent - Nov 01, 2011
- Hero MotoCorp Q2 profit rises 19.4 percent - Oct 18, 2011
- Hero Honda quarterly net profit plunges 16.2 percent - May 04, 2011
- Hero MotoCorp's September sales up 26.75 percent - Oct 03, 2011
- Hero Honda net profit jumps 13.4 percent - Jul 21, 2011
- Hero Honda hires global brand specialist Wolff Olins - Mar 10, 2011
- Hero Honda is now Hero MotoCorp Limited - Jul 29, 2011
- ONGC quarterly net profit rises 11.85 percent - Jul 28, 2011
- Hero Motocorp's scrip down 7 percent - May 03, 2012
- Hero allowed $1 billion foreign investment - Mar 29, 2011
- Hero Honda launches Splendor Pro to consolidate leadership - Sep 27, 2010
- Hero Honda's third quarter net profit down 20 percent - Feb 02, 2011
- Hero Group arranges funds to acquire Hero Honda stakes - Mar 08, 2011
- Hero Honda's March sales up 24 percent - Apr 01, 2011
- Hero Honda launches special CWG limited edition bike - Oct 08, 2010
Tags: aluminum, bs, crore, decline, giant, hero honda, honda, input costs, lakh, models, net profit, net sales, New Delhi, new splendor, operating income, quarter profit, segment, stage iii, super splendor, two wheeler