Hero MotoCorp Ltd reports consolidated PAT of Rs. 958.49 crore in Q2FY21

HERO MOTOCORP LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.9607.25 crores during the period ended September 30, 2020 as compared to Rs.3119.22 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.958.49 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.59.14 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.47.98 for the period ended September 30, 2020 as compared to Rs.2.96 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 9607.25 crs	₹ 3119.22 crs	208%
Net Profit	₹ 958.49 crs	₹ 59.14 crs	1520.71%
EPS	₹ 47.98	₹ 2.96	1520.95%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.9607.25 crores during the period ended September 30, 2020 as compared to Rs.7825.16 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.958.49 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.879.45 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.47.98 for the period ended September 30, 2020 as compared to Rs.44.25 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 9607.25 crs	₹ 7825.16 crs	22.77%
Net Profit	₹ 958.49 crs	₹ 879.45 crs	8.99%
EPS	₹ 47.98	₹ 44.25	8.43%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.12726.47 crores during the 6 months period ended September 30, 2020 as compared to Rs.16235.57 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.1017.63 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.2131.67 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.50.94 for the 6 months period ended September 30, 2020 as compared to Rs.107.17 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 12726.47 crs	₹ 16235.57 crs	-21.61%
Net Profit	₹ 1017.63 crs	₹ 2131.67 crs	-52.26%
EPS	₹ 50.94	₹107.17	-52.47%

Mr. Niranjan Gupta, Chief Financial Officer (CFO), Hero MotoCorp, said "The earnings in the second quarter of FY21 reflects a strong performance, signaling a gradual revival from the negative impact of the global pandemic. The recovery in demand to pre-Covid levels, credible resumption of supply chain and logistics, cost & cash management, along with judicious price increase, has helped deliver profitability.

The challenging economic environment is headed for a recovery on the back of various initiatives by the government, especially those directed towards rural and semi-urban regions of the country.

Based on early estimates, we expect the momentum to continue into the festive season which has started well for us. To further drive the festive cheer we have launched four new variants across motorcycle and scooter segments. We have registered significant gains in market share in Q2 across products and geographies and expect to maintain the lead through our well-positioned product portfolio".

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2945.8 as compared to the previous close of Rs. 2912.7. The total number of shares traded during the day was 201881 in over 17426 trades.

The stock hit an intraday high of Rs. 3034.5 and intraday low of 2930. The net turnover during the day was Rs. 599373800.

Source : Equity Bulls

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