Hero MotoCorp has reported results for the fourth quarter and year ended March 31, 2017.
The company has reported a fall of 13.87% in its net profit at Rs 717.75 crore for the quarter ended March 31, 2017 as compared to Rs 833.29 crore for the same quarter in the previous year. Total income of the company decreased by 7.55% at Rs 7606.31 crore for quarter under review as compared to Rs 8227.93 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the company has posted a rise of 6.86% in its net profit at Rs 3377.12 crore as compared to Rs 3160.19 crore in FY16. Total income of company increased marginally by 0.79% at Rs 31368.55 crore for year under review as compared to Rs 31123.31 crore for the year ended March 31, 2016.
For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 13.95% in its net profit at Rs 3546.30 crore as compared to Rs 3112.29 crore in FY16. Total income of company increased marginally by 1.13% at Rs 31480.14 crore for year under review as compared to Rs 31128.16 crore for the year ended March 31, 2016.
