Hero Honda has reported an increase of 83&% in its net profit for the first quarter of this fiscal.


Hero Honda Q1 Net Profit Up By 83%
Last Updated: 2009-07-29T17:00:38+05:30
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Hero Honda India 2009-2010 Q1 Up By 83%
Pawan Munjal
Pawan Munjal
Hero Honda Motors India has reported an increase of 83% in its net profits to Rs.500 crore for the Q1 of 2009-2010 when compared to Rs.272.8 crore in 2008-09.
 
The total income increased by 33.7% to Rs.3,864 crore from Rs.2,890 crore.
 
The company had sold a million vehicles for the first time in a quarter, taking the sales volume up by 25%.
 
"We are delighted to report our best quarter ever, with the highest revenue and earnings in Hero Honda's history," said Pawan Munjal, chief executive and managing director of Hero Honda Motors.

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