India's largest two-wheeler maker, Hero Honda has announced its third quarter results of FY10. It has reported net profit of Rs 535.8 crore, an increase of 78.4% over Rs 300.4 crore in the same quarter of previous year.
Net sales jumped 32.72% to Rs 3,814.4 crore from Rs 2,874 crore (YoY). EBITDA (earning before interest, tax, depreciation and amortisation) margin stood at 17.27%.
The numbers were better-than-expectations, as CNBC-TV18 poll saw the net profit at Rs 509 crore and net sales at Rs 3,783 crore.
In a press conference, Hero Honda said its bike market share in India was over 59%. On the outlook, it said the market demand would remain bullish but rising input costs remained a concern, as commodity prices are on 'Upward Trajectory'.
The company will look at hiking capacity at existing units and may look at setting up new plant in near future.
The share closed at Rs 1,618.00, down Rs 24.25, or 1.48%. Its market cap stood at Rs 32,309.44 crore at current market price.
Source: CNBC-TV18Courtesy moneycontrol.com
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