Skip to main content

MoneyWorks4Me

Hero MotoCorp reports 20% rise in Q1 consolidated net profit

11 Aug 2023 Evaluate

Hero MotoCorp has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 32.06% rise in its net profit at Rs 824.72 crore for the quarter under review as compared to Rs 624.52 crore for the same quarter in the previous year. Total income of the company increased by 6.44% at Rs 8,989.44 crore for Q1FY24 as compared Rs 8,445.53 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 19.63% rise in its net profit at Rs 700.54 crore for the first quarter ended June 30, 2023 as compared to Rs 585.58 crore for the same quarter in the previous year. Total income of the company increased by 6.74% at Rs 9,076.55 crore for Q1FY24 as compared Rs 8,503.07 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 10950.10
TVS Motor Company 4491.00
Hero MotoCorp 5410.00
Eicher Motors 7620.00
OLA Electric Mobilit 33.96
View more..