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Hero MotoCorp reports 9% rise in Q2 consolidated net profit

29 Oct 2020 Evaluate

Hero MotoCorp has reported results for second quarter ended September 30, 2020.

The company has reported 8.99% rise in its net profit at Rs 953.45 crore for the quarter under review as compared to net profit of Rs 874.80 crore for the same quarter in the previous year. Total income of the company increased by 22.24% at Rs 9508.67 crore for Q2FY21 as compared Rs 7778.53 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 8.99% in its net profit attributed to owners at Rs 958.49 crore for the quarter under review as compared to net profit of Rs 879.45 crore for the same quarter in the previous year. Total income of the company increased by 22.77% at Rs 9607.25 crore for Q2FY21 as compared Rs 7825.16 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 11042.95
TVS Motor Company 4061.95
Hero MotoCorp 5378.00
Eicher Motors 7206.20
OLA Electric Mobilit 37.88
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