Hero MotoCorp Q4 net profit down 5% at Rs 574.23 cr

The country's largest two-wheeler maker Hero MotoCorp Friday reported 4.86 percent decline in its net profit at Rs 574.23 crore for the fourth quarter ended March 31, 2013.

Last Updated: Apr 26, 2013, 17:50 PM IST

New Delhi: The country's largest two-wheeler maker Hero MotoCorp Friday reported 4.86 percent decline in its net profit at Rs 574.23 crore for the fourth quarter ended March 31, 2013.

The company had registered a net profit of Rs 603.59 crore during the corresponding period last year, Hero MotoCorp (HMC) said in a statement.

However, the company's net income during the January- March, 2013 quarter went up by 1.84 percent to Rs 6,145.75 crore from Rs 6,034.93 crore in the year-ago period, it added.

During the reported quarter, HMC sold a total of 15,27,351 two-wheelers, down 2.84 percent from 15,72,027 units in the same period last year.

For the entire 2012-13 financial year, HMC posted a fall of 10.93 percent in its net profit at Rs 2,118.16 crore as against Rs 2,378.13 crore in the previous fiscal, the statement said.

The company's net income, however, rose marginally to Rs 23,768.11 crore in FY'13 from Rs 23,579.03 crore in FY'12, it added.

Total vehicle sales of the company during last fiscal fell by 2.56 percent to 60,75,583 units from 62,35,205 units in 2011-12.

Shares of HMC Friday ended 1.42 percent down at Rs 1,596.95 apiece on the BSE.

PTI