Hero MotoCorp reports 14% fall in Q4 net profit

Hero MotoCorp has reported result for the fourth quarter and year ended March 31, 2015. The company has posted a fall of 14.05% in its net profit at Rs 476.53 crore for the quarter ended March 31, 2015 as compared to Rs 554.43 crore for the same quarter in the previous year. However, total income of the company has increased by 3.78% at Rs 6886.75 crore for quarter under review as compared to Rs 6635.94 crore for the quarter ended March 31, 2014. For the year ended March 31, 2015, the company has posted a jump of 13.11% in its net profit at Rs 2385.64 crore as compared to Rs 2109.08 crore for the same period in the previous year. Total income of the company has surged by 9.16% at Rs 28078.04 crore for year under review as compared to Rs 25721.85 crore for the period ended March 31, 2014. For the year ended March 31, 2015, on the consolidated basis, the company has posted a rise of 12.46% in its net profit after tax at Rs 2364.7 crore as compared to Rs 2102.66 crore for the same period in the previous year. Total income of company has increased by 8.98% at Rs 28030.14 crore for year under review as compared to Rs 25719.66 crore for the period ended March 31, 2014.