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Hero MotoCorp reports 9% growth in Q2 net profit

23 Oct 2013 Evaluate

Hero MotoCorp has reported results for the second quarter ended September 30, 2013.

The company has reported 9.27% rise in its net profit after taxes at Rs 481.41 crore for the quarter as compared to Rs 440.58 crore for the same quarter in the previous year. Total income of the company has increased by 10.49% at Rs 5841.67 crore for quarter under review as compared to Rs 5286.80 crore for the quarter ended September 30, 2012.

Hero MotoCorp is the World's single largest two-wheeler motorcycle company. Honda Motor Company of Japan and the Hero Group entered a joint venture to setup Hero Honda Motors in 1984. Hero Honda Motors changed its name to Hero MotoCorp following the exit of its erstwhile Japanese promoter, Honda, from the company.

Peers
Company Name CMP
Bajaj Auto 9650.00
TVS Motor Company 3860.00
Hero MotoCorp 4860.00
Eicher Motors 6790.00
OLA Electric Mobilit 34.50
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