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Hero Motocorp reports 13% rise in Q3 consolidated net profit

06 Feb 2021 Evaluate

Hero Motocorp has reported results for third quarter ended December 31, 2020.

The company has reported a rise of 23.18% in its net profit at Rs 1084.47 crore for the quarter under review as compared to Rs 880.41 crore for the same quarter in the previous year. Total income of the company increased by 39% at Rs 9978.45 crore for Q3FY21 as compared Rs 7178.94 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 13.01% in its net profit attributed to the owners at Rs 1019.18 crore for the quarter under review as compared to Rs 901.81 crore for the same quarter in the previous year. Total income of the company increased by 38.20% at Rs 10032.61 crore for Q3FY21 as compared Rs 7259.39 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 11009.00
TVS Motor Company 4083.15
Hero MotoCorp 5385.00
Eicher Motors 7219.00
OLA Electric Mobilit 37.87
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