Hero MotoCorp rides high on reporting over 2-fold jump in Q1 consolidated net profit
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Hero MotoCorp is currently trading at Rs. 2799.45, up by 38.55 points or 1.40% from its previous closing of Rs. 2760.90 on the BSE.
The scrip opened at Rs. 2784.05 and has touched a high and low of Rs. 2844.80 and Rs. 2783.70 respectively. So far 14132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2952.60 on 17-Sep-2021 and a 52 week low of Rs. 2148.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 2844.80 and Rs. 2730.05 respectively. The current market cap of the company is Rs. 55939.24 crore.
The promoters holding in the company stood at 34.78%, while Institutions and Non-Institutions held 54.42% and 10.81% respectively.
Hero MotoCorp has reported a rise of 70.90% in its net profit at Rs 624.52 crore for the quarter June 30, 2022 as compared to Rs 365.44 crore for the same quarter in the previous year. Total income of the company increased by 50.13% at Rs 8,445.53 crore for Q1FY23 as compared Rs 5,625.66 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 585.58 crore for the quarter June 30, 2022 as compared to Rs 256.46 crore for the same quarter in the previous year. Total income of the company increased by 50.54% at Rs 8,503.07 crore for Q1FY23 as compared Rs 5,648.20 crore for the corresponding quarter previous year.
