Hero Moto Net De­clines 3% to ₹ 772 cr in Third Quar­ter

The Economic Times - - Companies: Pursuit Of Profit -

Hero Mo­tocorp on Wed­nes­day re­ported a fall of 2.6% in stand­alone net profit to ₹ 772.1 crore in the Oc­to­ber-De­cem­ber quar­ter, mainly due to de­mon­eti­sa­tion. The firm had posted a net profit of ₹ 793.2 crore in the same pe­riod a year ago. To­tal in­come of Hero Mo­toCorp also de­clined 11.6% to ₹ 6,898.6 crore in the three-month pe­riod ended De­cem­ber 31, 2016 com­pared with ₹ 7,807.7 crore in the cor­re­spond­ing pe­riod last fis­cal.

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