Hero MotoCorp on Tuesday said its consolidated profit after tax (PAT) declined by 30 per cent to Rs 621 crore for the fourth quarter ended March 2022 on account of lower sales. The country's largest two-wheeler maker had reported a PAT of Rs 885 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations declined to Rs 7,497 crore as against Rs 8,690 crore in the fourth quarter of FY21, Hero MotoCorp said in a regulatory filing. The company's total sales in the fourth quarter of FY22 stood at 11.9 lakh units, a drop of 24 per cent from 15.68 lakh units in the year-ago period. For the 2021-22 fiscal, the company reported a consolidated PAT of Rs 2,329 crore, down 21 per cent from Rs 2,936 crore in 2020-21. Revenue from operations dropped to Rs 29,551 crore from Rs 30,959 crore in FY21. "With the economy picking up, we expect the demand for motorcycles and scooters to see a positive turnaround in the coming months. While concerns related to high input costs contin
from Latest News https://ift.tt/oASEfZ5
via WebMD https://ifttt.com/images/no_image_card.png
ABOUT THE AUTHOR
Hello We are OddThemes, Our name came from the fact that we are UNIQUE. We specialize in designing premium looking fully customizable highly responsive blogger templates. We at OddThemes do carry a philosophy that: Nothing Is Impossible
