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Hero MotoCorp’s Q2 net profit up 1.13 percent

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9 years ago

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Mumbai:Two-wheeler major Hero MotoCorp on Tuesday reported an increase of 1.13 percent in its standalone net profit for the second quarter of the current fiscal.

The company’s net profit for the second quarter of the current fiscal stood at Rs.772.06 crore from Rs.763.37 crore registered during the corresponding quarter of the last fiscal.

According to a regulatory filing with the Bombay Stock Exchange (BSE), the company’s total income fell by 1.13 percent in the quarter under review.

The company’s Q2 total income stood at Rs.6,837.09 crore from Rs.6,915.34 crore in the corresponding quarter of 2014-15.

“The quarter saw the beginning of a sales revival and we are cautiously optimistic that this trend will continue in the second half of the fiscal year,” Pawan Munjal, chairman, managing director and chief executive of Hero MotoCorp was quoted in a statement.

“The festive season could lead to positive sentiment in the market, which may help maintain the momentum in the coming months.”

Total sales for the quarter under review receded by 6.95 percent to 1,574,861 units from an off-take of 1,692,523 units during the second quarter of last year.

The company’s EBIDTA (earnings before interest, taxes, depreciation and amortisation) margin for the quarter improved to 15.85 percent from 13.52 percent in the like period of 2014-15.

For the first half (H1) of the current fiscal, the company reported a rise of 14.80 percent in its net profit which stood at Rs.1,522.40 crore from Rs.1,326.13 crore registered during the corresponding period of last fiscal.

However, total sales for the first half fell by 5.48 percent at 3,220,728 units from 3,407,777 units sold during the like period of 2014-15.

The company’s H1 total income was lower by 1.14 percent and stood at Rs.13,792.35 crore from Rs.13,952.18 crore in the corresponding period of last fiscal.

The EBIDTA margin improved to 15.45 percent from 13.49 percent in H1 2014-15.

The company added that it will continued its aggressive product strategy in the upcoming quarter.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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