Hero MotoCorp posts 33% rise in net profits in Q1 FY2016

Despite a dip in sales volume, Hero MotoCorp reported a 33% surge in its net profit to Rs 750.34 crore for Q1 FY2016, mainly due to reduced input costs as a result of a fall in raw material prices.

06 Aug 2015 | 5013 Views | By Shourya Harwani

Despite a dip in its sales volume, homegrown two-wheeler manufacturer Hero MotoCorp reported a 33% surge in its net profit to Rs 750.34 crore for the quarter ended June, as the company’s input costs declined largely because of a fall in raw material prices.  

The company’s sales fell ...

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