Hero Honda Q1 profit jumps 44 percentage

NEW DELHI: Country’s largest two wheeler maker Hero Honda today reported a 43.74 per cent rise in its profit after tax for the quarter ended June 30 at Rs 272.87 crore as against Rs 189.84 crore in the year-ago period.

The total income has also increased by 16.22 per cent to Rs 2,890.25 crore compared to Rs 2,486.90 crore for the corresponding period last year, the company said in a statement.

Hero Honda’s cumulative sales for the first quarter this fiscal stood at 8,94,244 units, a growth of 11.38 per cent over the same period last year.

It had sold 8,02,853 units of two-wheelers in Q1 in the last financial year, the statement said.

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