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Hero MotoCorp reports 48% rise in Q2 consolidated net profit

02 Nov 2023 Evaluate

Hero MotoCorp has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 47.17% rise in its net profit at Rs 1,053.81 crore for Q2FY24 as compared to Rs 716.07 crore for the same quarter in the previous year. Total income of the company increased by 5.74% at Rs 9,693.72 crore for Q2FY24 as compared Rs 9,167.40 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 47.60% rise in its net profit at Rs 1,007.04 crore for the quarter under review as compared to Rs 682.28 crore for the same quarter in the previous year. Total income of the company increased by 5.28% at Rs 9,741.17 crore for Q2FY24 as compared Rs 9,252.22 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Bajaj Auto 11035.00
TVS Motor Company 4068.90
Hero MotoCorp 5366.90
Eicher Motors 7257.55
OLA Electric Mobilit 38.09
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