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HEROMOTOCO

Reputation: 642,681 • Nov 1, 2023 10:36 PM

Hero MotoCorp Q2 Results: PAT surges 47% YoY to Rs 1,054 crore, beats estimates

Revenue from operations increased 4% on year to Rs Rs 9445.42 crore, and was also above the estimated Rs 9,209 crore. Earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter increased by 28% on year to Rs 1,328.29 crore. This was likely aided by easing input costs, price hikes, and a favourable product mix.

The Economic Times

𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆
• Hero MotoCorp Ltd. reported a strong quarter with a 47% increase in net profit year-on-year to Rs 1,054 crore.
• Revenue from operations also increased by 4% to Rs 9445.42 crore, surpassing the estimated Rs 9,209 crore.
• The company's performance exceeded expectations and more updates are expected to come.
https://economictimes.indiatimes.com/markets/stocks/earni...
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