Hero MotoCorp Q4 net profit tanks 24% to Rs 730 crore on weak sales

Hero MotoCorp disappointed the Street as it reported a sharp fall in bottomline due to weak sales volume in March quarter. Profit during the quarter ended March 31 declined 24.50 per cent to Rs 730.32 crore, against Rs 967.4 crore in same period last year. Revenue from operations fell by 7.92 per cent to Rs 7,885 crore year-on-year. Hero sold 1.781 million units in January-March quarter 2019, lower from 2 million units sold in corresponding period last financial year.  

Hero sold 7.82 million units during the year, higher by 3 per cent over 7.58 million units sold in previous year.

“Ebitda for