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Hero Motocorp reports 32% fall in Q3 consolidated net profit

11 Feb 2022 Evaluate

Hero Motocorp has reported results for third quarter ended December 31, 2021.

The company has reported a fall of 36.73% in its net profit at Rs 686.13 crore for the quarter under review as compared to Rs 1084.47 crore for the same quarter in the previous year. Total income of the company decreased by 19.78% at Rs 8,004.90 crore for Q3FY22 as compared Rs 9,978.45 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 31.57% in its net profit at Rs 704.24 crore for the quarter under review as compared to Rs 1029.17 crore for the same quarter in the previous year. Total income of the company decreased by 18.93% at Rs 8133.30 crore for Q3FY22 as compared Rs 10032.61 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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