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Hero MotoCorp reports 9% fall in Q2 consolidated net profit

04 Nov 2022 Evaluate

Hero MotoCorp has reported results for second quarter ended September 30, 2022.

The company has reported fall of 9.86% in its net profit at Rs 716.07 crore for Q2FY23 as compared to Rs 794.40 crore for the corresponding quarter previous year. However, total income of the company increased by 6.47% to Rs 9,167.40 crore for the quarter under review as compared to Rs 8,610.33 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 8.76% in its net profit at Rs 682.28 crore for the quarter under review as compared to Rs 747.79 crore for the same quarter in the previous year. However, total income of the company increased by 6.39% to Rs 9,252.22 crore for the quarter under review as compared to Rs 8,696.80 crore for the same quarter in the 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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