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Hero Honda Q2 PAT up 95% at Rs 597.1 cr

Hero Honda has declared its Q2FY10 results. It has reported net profit was up 94.93% at Rs 597.1 crore versus Rs 306.3 crore, YoY.
Its net sales were up 26.68% at Rs 4,040.1 crore versus Rs 3,189.7 crore, YoY.
Total sales for Q2 stands at 11,83,235 units, growth of 21.7 per cent
Over 59% share in domestic motorcycle market
The company’s highest quarterly earnings of all time at Rs 597.14 crores in profit after tax (PAT) represents the second consecutive record quarter of solid and growing revenues and profits.
The company’s strong market position across geographies and customer segments coupled with the increasing demand for its winning brands resulted in the sales volume growth of a steady 21.7 per cent during the quarter.
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