Hero MotoCorp Ltd. (HMCL) has reported a profit after tax (PAT) of Rs750.34 crore, up 33% from a PAT of Rs. 562.76 crore in the corresponding quarter in the previous fiscal (2014-15).

The company while declaring its financial performance for the first quarter (April'15 - June'15) of the Financial Year (FY) 2015-16, reported sales of 16,45,867 two-wheeler units in Q1 FY'16, and a total turnover (Net Sales & other Operating Income) of Rs 6955.26 crore. HMCL had reported a total turnover of Rs 7036.84 crore in the corresponding quarter in the previous fiscal.

The Company has recorded an EBIDTA margin of 15.07%. In terms of volume sales, Hero MotoCorp closed the first quarter with one of its highest ever market share of over 70% in the 75cc-110ccc segment and over 50% in the 125cc segment.

"During the first quarter (Apri-June) of FY'16, we continued to strengthen our market leadership through a combination of new product launches and strategic marketing initiatives. We further expanded our already wide and diverse product portfolio with two new offerings - the Xtreme Sports and Passion Pro - in this quarter; these products have witnessed a very positive response, enabling us to fortify our leadership position," said Pawan Munjal, Chairman, CEO & MD, Hero MotoCorp Ltd

"Strong demand for our products in the 125cc category has also been instrumental in driving volumes. We have lined up a slew of new launches including scooters and motorcycles as we move into the festive season. We expect the industry to move in an upward trend in the coming quarters although a lot will depend on multiple factors, including good monsoon, rural income and overall market sentiments," he added.