INSUBCONTINENT EXCLUSIVE:
Hero MotoCorp on Thursday reported 14.47 per cent year-on-year (YoY) rise in standalone net profit at Rs 880.41 crore for the quarter ended
The two-wheeler major had posted a profit of Rs 769.10 crore in the same period last year.
Analysts in an ET NOW poll had projected the
number at Rs 700 crore.
Total income, however, declined by 10.84 per cent to Rs 7178.94 crore
The company sold 15,40,876 vehicles during the quarter against 17,98,905 in the corresponding quarter last year.
The company announced a
industry continues to face challenges amid an overall economic slowdown
that the slew of measures announced by the finance minister as part of Budget would also go a long way in reviving the economy
However, it will take some time for the two-wheeler industry to see a sustained recovery
Hero MotoCorp expects to see a positive turnaround in the second half of next financial year.
During the third quarter, Hero MotoCorp
