Profit

Hero MotoCorp Q2 Profit Rises Marginally, Misses Estimates

Hero MotoCorp's profit came in at Rs 1,010 crore ($156.35 million) for the quarter ended September 30 versus Rs 1,004 crore a year ago.

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Hero MotoCorp Q2 Profit Rises Marginally, Misses Estimates

Analysts on average expected a profit of Rs 1,040 crore for the second quarter

Bengaluru: Hero MotoCorp Ltd, India's largest selling two-wheeler maker, reported a marginal rise in quarterly profit on Wednesday, missing estimates.

Profit came in at Rs 1,010 crore ($156.35 million) for the quarter ended September 30 versus Rs 1,004 crore  a year ago. 

Analysts on average expected a profit of Rs 1,040 crore for the quarter, Thomson Reuters data showed.
The company sold about 2 million two-wheelers during the quarter, an increase of about 11 per cent over the same period last year.

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© Thomson Reuters 2017


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