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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.

3 paksh

Bharat Auto Agency Shop.No.1, Megani Chambers, Haveli Chowk, AT-BOTAD 364710 - panoramio
File photo: Bharat auto / CC BY 3.0, via Wikimedia Commons

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

  1. Hero MotoCorp reported a Q1 profit after tax of 1,417.93 crore.
  2. The company's revenue increased to 13,126 crore from 9,727 crore in the previous year.
  3. Total expenses for the quarter were reported at 11,621 crore.
  4. Two-wheeler sales grew by 23 percent to 16.77 lakh units.
  5. The previous year's profit included a one-time gain of 722 crore.

The Timeline3

Every article on this story, in the order it was filed. We do not rank the outlets.

  1. 7 Aug

    1. HiThe Hindu
      Hero MotoCorp Q1 PAT down 16.86% at ₹1,417.93 crore
    2. PVPrajavani
      ಹೀರೊ ಮೋಟೊಕಾರ್ಪ್‌ ಲಾಭ ಇಳಿಕೆ

  2. 8 Aug

    1. TOIThe Times of India
      Hero MotoCorp Q1 PAT down 17% at 1.4k cr

Where This Is Being Covered2 languages

Languages

Newsrooms carrying this story, by publication language.

  • English2 outlets
  • Kannadaಕನ್ನಡ1 outlet

Regional reach

States where a local newsroom is carrying this. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.

Jammu & Kashmir: No local newsroomLadakh: No local newsroomPunjab: No local newsroomChandigarh: No local newsroomHimachal Pradesh: No local newsroomUttarakhand: No local newsroomHaryana: No local newsroomDelhi NCR: No local newsroomUttar Pradesh: No local newsroomRajasthan: No local newsroomGujarat: No local newsroomDadra & Nagar Haveli and Daman & Diu: No local newsroomMaharashtra: No local newsroomGoa: No local newsroomMadhya Pradesh: No local newsroomChhattisgarh: No local newsroomBihar: No local newsroomJharkhand: No local newsroomWest Bengal: No local newsroomOdisha: No local newsroomSikkim: No local newsroomArunachal Pradesh: No local newsroomAssam: No local newsroomNagaland: No local newsroomMeghalaya: No local newsroomManipur: No local newsroomTripura: No local newsroomMizoram: No local newsroomTelangana: No local newsroomKarnataka: PrajavaniAndhra Pradesh: No local newsroomKerala: No local newsroomTamil Nadu: No local newsroomPuducherry: No local newsroomLakshadweep: No local newsroomAndaman & Nicobar: No local newsroom
  • No local newsroom
  • 1 outlet
  • 2 or more

1 state with 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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Key facts

Paksh: the sides a story is told from. 3 newsrooms filed on this one, and every filing is listed above.

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