Hero Honda Motors has announced the results for the quarter and year ended March 31, 2011.The company has posted a net profit of Rs 501.61 crore for the quarter ended March 31, 2011 as compared to Rs 598.81 crore for the quarter ended March 31, 2010, down 16%. Its total income has increased from Rs 4191.81 crore for the quarter ended March 31, 2010 to Rs 5465.27 crore for the quarter ended March 31, 2011.
For the year ended March 31, 2011, the company has posted a net profit of Rs 1927.90 crore as compared to Rs 2231.83 crore for the year ended March 31, 2010, down 14%. Total income of the company has increased from Rs 16096.14 crore for the year ended March 31, 2010 to Rs 19669.29 crore for the year ended March 31, 2011.Meanwhile, the board of directors of the company has recommended a final dividend of 1750% i.e. Rs 35 per equity share of Rs 2 each for the financial year 2010-11.
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