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Hero Motocorp reports 4-fold jump in Q1 consolidated net profit

13 Aug 2021 Evaluate

Hero Motocorp has reported results for first quarter ended June 30, 2021.

The company has reported 6- fold jump in its net profit at Rs 365.44 crore for the quarter under review as compared to Rs 61.31 crore for the same quarter in the previous year. However, total income of the company increased by 80.31% at Rs 5625.66 crore for Q1FY22 as compared Rs 3120.00 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 4-fold jump in its net profit attributable to owners at Rs 256.08 crore for the quarter under review as compared to Rs 59.14 crore for the same quarter in the previous year. Total income of the company increased by 81.08% at Rs 5648.20 crore for Q1FY22 as compared Rs 3119.22 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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