HERO MOTOCORP SECONDQUARTER PROFIT DIPS 3% TO ₹976 CRORE

NEW DELHI: The country’s largest two-wheeler maker

Hero Motocorp on Tuesday reported a 3.38% dip in its standalone profit-after-tax to ₹976.28 crore for the September quarter, mainly on account of higher expenses. The company had posted a net profit of ₹1,010.49 crore for the corresponding period of the previous fisccal, Hero Motocorp said in a filing to BSE. Revenue from operations for the quarter under review stood at ₹9,090.94 crore as against ₹8,371.74 crore in the same period previous fiscal, it added. Total expenses for the said quarter stood at ₹7,866.15 crore as against ₹7,053.63 crore in the same period a year ago. During the quarter, the company sold 21,34,051 units of two-wheelers as against 20,22,805 units in the year-ago period.