Hero Honda Motors Ltd. is one of the top three two-wheeler manufacturing companies of the world. According to the online financial reports, the company has a recorded a 3.54% growth in the production and sales till the third quarter of 2007-08 fiscal. The company has recorded a turnover of around Rs. 2795.17 crore in the third quarter. The amount was around Rs. 2699.63 crore in the third quarter of 2006-07 fiscal. As a result of this increase in the turnover, the earnings per share of Hero Honda Motors Limited is also expected to rise by a certain percentage.
The company has also increased the after tax profits. The third quarter of 2007-08 produced profit, after calculating the tax deductions, of nearly Rs.275 crore. In the third fiscal of 2006-07, this amount was nearly Rs. 209 crore. The growth of after tax profits of Hero Honda Motors Ltd. In the third quarter of 2007-08 was nearly 31%.
The year produced some of the best figures for the company. The company has produced such businesses at a time when the market for two-wheelers was going down. A business of Rs. 7673 crores in such an environment is indeed commendable. This amount was earned in the first three quarters of the 2007-08 fiscal.
At the same time, the company has also increased its share in the Indian two-wheeler market. Such information is not only encouraging for the two-wheeler industry of the country but for the investors as well. With the growth of the company, the investors will also grow and the earnings per share of Hero Honda Motors Ltd. will rise as well. In March 2007, the company had offered Rs.37.26 for each share. The adjusted cash EPS of HHML was Rs. 44.26. The reported EPS of Hero Honda Motors Ltd. in March-07 was nearly Rs.42.96.