Hero MotoCorp two- wheeler manufacturer is set to commence country-wide sales of its new premium motorcycle Xtreme 200R, with dispatches from its factories starting next week. To be available for sales at Hero MotoCorp dealerships starting in a phased manner, the Xtreme 200R has been priced attractively at Rs. 89,900/-. The Xtreme 200R focuses on safety with Anti-Lock Brake System (ABS), to offer ABS as a standard safety feature.The new Xtreme 200R is powered by oriented BS-IV compliant 200cc engine. The air-cooled engine produces a maximum power output of 18.4 PS @ 8000 rpm and maximum torque of 17.1 NM @ 6500 rpm.
Meanwhile, the S&P BSE Sensex was down 189.34 points, or 0.5% to 37,332.28
On the BSE, 3,347 shares were traded in the counter so far compared with average daily volumes of 55,000 shares in the past two weeks. The stock had hit a high of Rs 3,290 and a low of Rs 3,229.50 so far during the day. The stock hit a record high of Rs 4,200 on 23 August 2017. The stock hit a 52-week low of Rs 3,037.10 on 24 July 2018.
Hero MotoCorp reported 9% rise in sales to 6.79 lakh units of two-wheeler in the month of July 2018 from July 2017 due to continued strong demand for range of popular motorcycles and scooters. The company has lined up multiple new product launches ahead of the festive season, including the Xtreme 200R motorcycle and the 125cc scooters.
Pawan Munjal, Chairman, MD, and CEO, Hero MotoCorp, said the company is confident of carrying the growth trajectory forward and expect to grow at doubledigit in the upcoming festive season. The normal monsoon in most parts of the country, and the consequent agricultural harvest will keep the sentiments buoyant and help maintain the momentum. Economic growth, rural investments and initiatives such as MSP, MNREGA etc. augur well for the future growth of the industry.
Hero MotoCorp's net profit fell 0.53% to Rs 909.17 crore on 10.39% rise in net sales to Rs 8809.82 crore in Q1 June 2018 over Q1 June 2017.
Hero MotoCorp is the world's largest manufacturer of two wheelers, based in India.
Hero MotoCorp Ltd rose for a fifth straight session today. The stock is quoting at Rs 3275.95, up 2.06% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.22% on the day, quoting at 11294.9. The Sensex is at 37407.27, down 0.23%. Hero MotoCorp Ltd has dropped around 4.08% in last one month.
Meanwhile, Nifty Auto index of which Hero MotoCorp Ltd is a constituent, has dropped around 2.47% in last one month and is currently quoting at 10925.05, up 0.04% on the day. The volume in the stock stood at 4.26 lakh shares today, compared to the daily average of 6.12 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 3284.9, up 2.07% on the day. Hero MotoCorp Ltd is down 12.12% in last one year as compared to a 11.67% gain in NIFTY and a 2.16% gain in the Nifty Auto index.
The PE of the stock is 17.33 based on TTM earnings ending June 18.
Hero MotoCorp standalone net profit declines 0.53% in the June 2018 quarter
27 - Jul - 2018 12:00 AM | 25 days ago
Net profit of Hero MotoCorp declined 0.53% to Rs 909.17 crore in the quarter ended June 2018 as against Rs 914.04 crore during the previous quarter ended June 2017. Sales rose 10.39% to Rs 8809.82 crore in the quarter ended June 2018 as against Rs 7980.50 crore during the previous quarter ended June 2017.
