Hero Honda Ltd Q1 net profit jumps 18% at Rs 557.89 Cr

December 14, 1901 by trainee1

Hero Honda Limited results for quarter ended June 30, 2011:

The company posted a net profit of Rs 557.89 crore in the first quarter ended June, 2011, up by 18% from Rs 491.69 crore in the corresponding quarter in the previous fiscal year.

Total income increased by 33% to Rs 5,771.74 crore for the quarter as compared to Rs 4,350.03 crore in the same quarter last year.

At 14.25 hours the company shares trading positive at Rs 1,791.00 up by 1.69% on BSE and after the announcement of first quarter results the company shares recovered day’s lower of Rs 1,732 on BSE