Hero Honda Motors has come out with Q4FY07 results. The company has posted sluggish growth in fourth quarter results. It has reported net profit of Rs 195 crore (Rs 1.95 billion) in fourth quarter of FY07 as against Rs 267.2 crore (Rs 2.67 billion) in same period of FY06 and net sales of Rs 2639 crore (Rs 26.39 billion) versus Rs 2255.9 crore (Rs 22.55 billion), a growth of 17%.
For FY07, net sales has increased by 13.6% to Rs 9899.9 crore (Rs 98.99 billion) compared to Rs 8713.98 crore (Rs 87.13 billion) and net profit declined by 11.6% to Rs 857.8 crore (Rs 8.57 billion) from Rs 971.3 crore (Rs 9.71 billion).
Margins (Lifetime Low):
FY07: 11.8%
FY06: 15.7%
FY05: 15.7%
FY04: 16.8%
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