Hero MotoCorp Q2 profit rises 9%, beats estimates

23 October, 2013

Hero MotoCorp, India’s largest two-wheeled vehicle maker, beat analyst estimates with a 9 per cent rise in profit, the first gain in five quarters.

Net profit was 4.81 billion rupees for the fiscal second-quarter ended September 30, Hero said in a statement on Wednesday. That compared with the 4.41 billion rupees of a year earlier, and the 4.63 billion rupees mean estimate of 14 analysts according to Thomson Reuters I/B/E/S.

Net sales rose 11 per cent to 57 billion rupees, compared with the estimate of 57.02 billion rupees.

Sales in volume terms rose 6 per cent from a year earlier, when the company reduced production to adjust its inventory.

Since its 2011 split from Japan’s Honda Motor Co, Hero has been investing heavily in technology and increasing exports, which were restricted under the terms of the 26-year joint venture.


Leave Your Comment
Wipro Q2 profit up 28.5%, beats estimates

Wipro Q2 profit up 28.5%, beats estimates

Reuters 4 years ago
Wipro Ltd, India’s third-largest IT services exporter, beat analyst estimates with a 28.5 per cent rise in quarterly profit thanks to higher spending by its...
TCS, HCL beat earnings estimates

TCS, HCL beat earnings estimates

Reuters 3 years ago
Tata Consultancy Services Ltd said quarterly consolidated net profit surged 49.6 per cent, its fastest pace of increase in at least two-and-half years, helped by...
Hero MotoCorp net profit falls 10.7%, vehicle sales drop 4% in Q1

Hero MotoCorp net profit falls 10.7%, vehicle sales drop 4% in Q1

Reuters 4 years ago
Hero MotoCorp, India’s largest motorcycle maker, posted 10.7 per cent fall in its first-quarter profit, the fourth straight quarterly decline, as margin benefits from price...
No Comments

Hero MotoCorp Q2 profit rises 9%, beats estimates

Powered by WordPress.com VIP