Hero Honda, India's largest manufacturer of motorcycles has reported a net profit of Rs 701 m for the 3QFY01 a growth of 45% YoY, as compared to Rs 485 m for the 3QFY00. Its total income for the 3QFY01 was Rs 8.5 bn as compared to Rs 5.9 bn in the 3QFY00, a growth of 44% YoY.
This robust performance is a pointer to the surging volumes reported by the company in the current financial year. As a result it has managed to increase its market share to 48% currently as compared to 42% in FY2000.
For the 3QFY01, the company has sold 275,164 motorcycles a growth of 38% as compared to 198,541 motorcycles in 3QFY00. From April to December 2000, the company sold 754,794 units as compared to 537,113 units for the same period of the previous year, a growth of 41% YoY.
The company has announced a stock split of 5 equity shares of Rs 2 each as compared to the present 1 equity share of face value Rs 10 each.
On the current price of Rs 908 it is trading at 10.7x FY02E EPS of Rs 85.2.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India. Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: firstname.lastname@example.org. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407