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Hero Honda FY03 net up 25.4 pc
By siliconindia
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Thursday, 10 April 2003, 19:30 IST
NEW DELHI: Hero Honda Motors on Thursday said its net profit has jumped by 25.45 per cent to Rs 580.76 crore for the year ended March 31, 2003 from Rs 462.93 crore in the previous year.
Total turnover rose 14.4 per cent to Rs 5,194.58 crore during 2002-03 from Rs 4,539.49 crore a year ago, the company's chairman, Brijmohan Lall Munjal told a news conference.
The 900 per cent dividend would result in a total outgo of Rs 360 crore plus 12.5 per cent dividend tax, he said.
This works out to a total payout of about Rs 405 crore.
The country's largest motorcycle maker recorded a 14.2 per cent rise in net sales at Rs 5,101.71 crore during 2002-03 against Rs 4,465.43 crore a year earlier.
Motorcycle sales grew by 17.7 per cent year-on-year to 1.67 million units from 1.42 million units.