Hero Honda Motors, the world's largest two-wheeler manufacturer, has reported a profit after tax (PAT) of Rs.535.77 for the third quarter (Oct – Dec'09) of 2009-10 - a growth of over 78.34 per cent over the corresponding period in the last fiscal. The company has recorded an EBIDTA margin of 17.27 per cent in the quarter. The EBIDTA margin in the corresponding quarter (Oct - Dec'08) was 14.47 per cent.
It has been a remarkable year for Hero Honda with the company posting sales of over a million units and a PAT of over Rs. 500 crore in each of the quarters. With the third quarter of fiscal 2009, Hero Honda concludes the calendar year with record sales of over 4.4 million units, a growth of 22 per cent over the calendar year 2008 when the company had sold 3.6 million units. With this, Hero Honda has retained the coveted status of World No.1 two-wheeler manufacturer for the 9th consecutive year.
Riding on a record cumulative sales of 34,13,594 million units of two wheelers in the fiscal so far, Hero Honda's total turnover (Net sales & Other Operating income) grew to Rs 11708.91 crore, a growth of 31.05 per cent over Rs 8934.36 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 17.55 per cent in the nine months ending December 09. The EBIDTA margin in the corresponding previous period (April - Dec'08) was 13.44 per cent. The company continued with its commendable top line performance as sales volumes were up 25.31 per cent per cent during last nine months, while the industry grew by 20.05 per cent per cent during the same period.
It has been a remarkable year for Hero Honda with the company posting sales of over a million units and a PAT of over Rs. 500 crore in each of the quarters. With the third quarter of fiscal 2009, Hero Honda concludes the calendar year with record sales of over 4.4 million units, a growth of 22 per cent over the calendar year 2008 when the company had sold 3.6 million units. With this, Hero Honda has retained the coveted status of World No.1 two-wheeler manufacturer for the 9th consecutive year.
Riding on a record cumulative sales of 34,13,594 million units of two wheelers in the fiscal so far, Hero Honda's total turnover (Net sales & Other Operating income) grew to Rs 11708.91 crore, a growth of 31.05 per cent over Rs 8934.36 crore recorded in the corresponding period last fiscal. The company has recorded an EBIDTA margin of 17.55 per cent in the nine months ending December 09. The EBIDTA margin in the corresponding previous period (April - Dec'08) was 13.44 per cent. The company continued with its commendable top line performance as sales volumes were up 25.31 per cent per cent during last nine months, while the industry grew by 20.05 per cent per cent during the same period.
Dr. Brijmohan Lall, Chairman, Hero Honda Motors Ltd, said "Hero Honda's strong foundation, the value system and partnership with all our stakeholders have been the key to our continued success. I am delighted that the company has been making great strides in fulfilling its larger vision of a progressive India. I am confident that the company will continue with its sustainable contribution to making the dream of mobility for every individual in the country come alive."
Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said "It has indeed been a phenomenal year for us, as reflected in our both top line growth and bottom line performance. In view of the projected GDP growth and the continued success of the government schemes directed at rural infrastructure and employment generation, we are expecting market demand to remain bullish. Therefore, going forward, we would also have to look at further augmenting our installed capacity in our existing manufacturing plants, and also at the possibility of a new plant sometime in the near future". He added, "Instead of resting on our laurels, we are indeed relentlessly working towards bringing more innovative, value-added products for our customers. As we enter the calendar year 2010, and the fourth quarter of FY'10, we remain quite optimistic on our performance. In the short term, however, we are closely monitoring the movement of commodity prices which are on an upward trajectory. The rising input costs, as indeed the retail financing situation, remain areas of concern for the industry."
As part of its product strategy, every year the company launches 8-9 new models. In line with this, Hero Honda has so far launched six new models during this financial year– the ZMR, Limited Edition Splendor, and the new Hunk, the new Passion Pro, the new Pleasure and the new Splendor NXG. During the balance months of the financial year, the company will further augment its product portfolio with new launches across segments. The scooter 'Pleasure' has also been growing strongly, with more than 16,000 units being sold every month on an average
Pawan Munjal, MD & CEO, Hero Honda Motors Ltd., said "It has indeed been a phenomenal year for us, as reflected in our both top line growth and bottom line performance. In view of the projected GDP growth and the continued success of the government schemes directed at rural infrastructure and employment generation, we are expecting market demand to remain bullish. Therefore, going forward, we would also have to look at further augmenting our installed capacity in our existing manufacturing plants, and also at the possibility of a new plant sometime in the near future". He added, "Instead of resting on our laurels, we are indeed relentlessly working towards bringing more innovative, value-added products for our customers. As we enter the calendar year 2010, and the fourth quarter of FY'10, we remain quite optimistic on our performance. In the short term, however, we are closely monitoring the movement of commodity prices which are on an upward trajectory. The rising input costs, as indeed the retail financing situation, remain areas of concern for the industry."
As part of its product strategy, every year the company launches 8-9 new models. In line with this, Hero Honda has so far launched six new models during this financial year– the ZMR, Limited Edition Splendor, and the new Hunk, the new Passion Pro, the new Pleasure and the new Splendor NXG. During the balance months of the financial year, the company will further augment its product portfolio with new launches across segments. The scooter 'Pleasure' has also been growing strongly, with more than 16,000 units being sold every month on an average
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