Hero MotoCorp reports Q1 profit of 1,417.93 crore
Hero MotoCorp reported a profit after tax of 1,417.93 crore for the June quarter, marking a decline compared to the previous year. The company noted that its revenue increased to 13,126 crore during the same period, while total expenses rose to 11,621 crore. Despite the profit decline, the company recorded a 23 percent growth in two-wheeler sales, reaching 16.77 lakh units sold during the quarter.
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What Happened
Hero MotoCorp announced its financial results for the first quarter of the fiscal year. The company reported a profit after tax of 1,417.93 crore, which represents a decline from the 1,705 crore profit recorded in the same period of the previous financial year. Revenue for the quarter rose to 13,126 crore from 9,727 crore, while total expenses increased to 11,621 crore. The company also reported selling 16.77 lakh two-wheelers, reflecting a 23 percent growth in sales volume.
The company stated that the previous year's profit figures included a one-time gain of 722 crore resulting from the dilution of its investment in associates. Additionally, revenue from the sale of spare parts and accessories grew by 30 percent compared to the previous year, contributing to the overall increase in revenue. The financial results were formally communicated by the company to the stock exchange.
Key Facts
- Hero MotoCorp reported a Q1 profit after tax of 1,417.93 crore.Source not recorded
- The company's revenue increased to 13,126 crore from 9,727 crore in the previous year.Source not recorded
- Total expenses for the quarter were reported at 11,621 crore.Source not recorded
- Two-wheeler sales grew by 23 percent to 16.77 lakh units.Source not recorded
- The previous year's profit included a one-time gain of 722 crore.Source not recorded
The Timeline3
Every article on this story, in the order it was filed. We do not rank the outlets.
7 Aug
- PVPrajavaniಹೀರೊ ಮೋಟೊಕಾರ್ಪ್ ಲಾಭ ಇಳಿಕೆ
8 Aug
- TOIThe Times of IndiaHero MotoCorp Q1 PAT down 17% at 1.4k cr
CoverageWhat we read
Language reach
Dailies carrying this story, against the dailies we read in each language.
- English2 of 9
- Kannadaಕನ್ನಡ1 of 1
Regional reach
Where this story reached, and where it did not. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.
- None carried this
- No source registered
- 1 outlet
- 2 or more
- NorthNot carried0 of 4
- WestNot carried0 of 5
- Central IndiaNot carried0 of 1
- EastNot carried0 of 5
- North-eastNot carried0 of 2
- SouthCarried1 of 10
1 of the 26 states we read have local coverage. Spread across the country, with no regional concentration. Also carried by 2 national mastheads.
About This Analysis
One summary, built from every source. No single newsroom's voice.
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