Hero MotoCorp consolidated net profit declines 30.60% in the March 2022 quarter

Sales decline 13.73% to Rs 7496.55 crore

Net profit of Hero MotoCorp declined 30.60% to Rs 611.34 crore in the quarter ended March 2022 as against Rs 880.94 crore during the previous quarter ended March 2021. Sales declined 13.73% to Rs 7496.55 crore in the quarter ended March 2022 as against Rs 8689.74 crore during the previous quarter ended March 2021.

For the full year,net profit declined 20.59% to Rs 2316.88 crore in the year ended March 2022 as against Rs 2917.75 crore during the previous year ended March 2021. Sales declined 4.55% to Rs 29551.28 crore in the year ended March 2022 as against Rs 30959.19 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales7496.558689.74 -14 29551.2830959.19 -5 OPM %11.1514.12 -10.9813.09 - PBDT954.111320.05 -28 3747.634564.44 -18 PBT785.731146.54 -31 3058.113849.32 -21 NP611.34880.94 -31 2316.882917.75 -21

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