Country's largest two-wheeler maker Hero MotoCorp on Thursday reported 58.62 per cent increase in net profit at Rs 763 crore for the second quarter ended on September 30.
The company had posted a net profit of Rs 481 crore during the same period of previous fiscal.
Turnover of the company rose 20.76 per cent to Rs 6,915 crore for the reported quarter against Rs 5,726 crore during the year ago period.
In terms of volumes, the company's total sales during the quarter stood at 16,92,593 units.
Hero MotoCorp Vice Chairman and Managing Director Munjal said in a statement, "...a concerted focus on costs has enabled us to have good margins even as we continue to keep strengthening our market leadership."
"These numbers bode well for the festive season and we are looking at leveraging this momentum to ensure record retail sales in the month of October," he added.
He said that with the new stable government at the Centre, the sentiment in the entire country has turned positive.
"The rupee depreciation, which had adversely impacted several sectors, and pulled up the costs of essential commodities, has also more or less stabilised. We will continue to be innovative in tackling any extraneous pressures to protect our margins," he said.
