India: Hero MotoCorp registers 39% y-o-y growth in revenue in Q4 FY ’21

The world’s largest manufacturer of scooters and motorcycles-Hero MotoCorp Limited, has reported its financial performance for the fourth quarter Jan-Mar FY ’21.

Highlights:

• Revenue from Operations stood at INR 8,686 cr in Q4 against INR 6,238 cr in Q4 FY ’20, up 39% y-o-y.
• Profit After Tax (PAT) stood at INR 865 cr, up 39% y-o-y compared to INR 621 cr in Q4 FY ’20.
• Two-wheeler sales jumped to 15.68 lakh units during Q4 ’21, registering a growth of 18.5% against 13.23 lakh units sold in the corresponding quarter of the previous year.

In view of the rapid escalation in the spread of Covid-19 across the country, the company has decided to extend the shutdown till 9th May ’21.