FY 19 Q3 Earnings " Hero MotoCrop "

in #steemit5 years ago

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Company's net profit falls 4.5% despite higher sales.

Company reported a net profit of Rs 769 cr, while it was at Rs 805 cr in the corresponding quarter last year.

Revenue for the company rise by 7.5% to Rs 7865 cr.

The management of the company said that, "There have been temporary setback on account of multiple factors, leading to higher then normal inventory levels at dealerships. However the forth quarter has historically been positive and we look forward to an improved market situation in the coming months."

The results of the company itself pointing to mounting competition in an industry that is struggling to shake off the combined impact of rising input cost and volatile auto fule prices.


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