Hero Honda registers 49% net profit growth
Hero Honda has reported a remarkable performance in the preceding year. The company has a very high strong growth in volumes and margins for the year 2009-10.
The company has registered a significant 49% growth in net profit during the end of fourth quarter in March 2010. The net profit of the company has been found out to be Rs 599 crore for the same period of time.
Even this was beyond the expectation of the forecast provided by the market experts. So far as the revenue has been concerned, it has gone up by 20% to Rs 4,122 crore.
Analysts believe that Hero Honda has become of the most trusted brands in the country for its superior services. The sales volume of the company has reached an all time high due to its most attractive and favorable product mix and lower rates of tax. The sales volume of the auto maker has increased to 1.18 million units. This was around 19% over the figures of the previous year’s quarter.