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Strategies & Market Trends : India Coffee House
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To: Mohan Marette who wrote (5207)7/20/1999 10:43:00 AM
From: Mohan Marette  Read Replies (1) of 12475
 
Hero Honda net rises 67%

herogroup.com

Date: 7/20/99 1:18:17 PM

Hero Honda recorded a 67% rise in net profit in Q1 FY2000. The company's profits stood at Rs384.4mn compared to Rs229.1mn a year ago. Sales also rose 51% to Rs4.84bn compared to Rs3.2bn last year. In BSE today, Hero Honda was trading at Rs1,270 up Rs20 from yesterday.<p>

Hero Honda sold 161,466 vehicles in Apr-Jun FY99-2000. This is 42.18% up compared to 113,568 vehicles sold last year.



Particulars (Rupees in millions)
                                       Apr/Jun 99   Apr/Jun 98 

Sales and income from operations       4842.748     3200.034 
Other income                             48.202       35.861 
Total turnover                         4890.950     3235.895 
Total expenditure                      4220.805     2832.388 
Interest                                 17.270       18.968 
Gross profit                            652.875      384.539 
Depreciation                             77.013       60.191 
Profit before tax                       575.862       24.348 
Provision for tax                       191.474       95.196 
Profit after tax                        384.388      229.152 
Paid-up equity capital                  399.375      199.688
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