Hero Motocorp gains on reporting 31% rise in Q4 consolidated net profit
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Hero MotoCorp is currently trading at Rs. 2534.85, up by 20.80 points or 0.83% from its previous closing of Rs. 2514.05 on the BSE.
The scrip opened at Rs. 2542.00 and has touched a high and low of Rs. 2546.50 and Rs. 2510.00 respectively. So far 17527 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2939.35 on 18-Aug-2022 and a 52 week low of Rs. 2246.75 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2546.50 and Rs. 2470.60 respectively. The current market cap of the company is Rs. 50241.19 crore.
The promoters holding in the company stood at 34.77%, while Institutions and Non-Institutions held 54.87% and 10.36% respectively.
Hero Motocorp has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 36.98% rise in its net profit at Rs 858.93 crore for the quarter under review as compared to Rs 627.05 crore for the same quarter in the previous year. Total income of the company increased by 12.99% at Rs 8543.70 crore for Q4FY23 as compared to Rs 7561.49 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 30.66% in its net profit at Rs 810.80 crore for fourth quarter ended March 31, 2023 as compared to Rs 620.56 crore for the same quarter in the previous year. Total income of the company increased by 13.68% at Rs 8671.82 crore for Q4FY23 as compared to Rs 7627.99 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 17.69% rise in its net profit at Rs 2910.58 crore as compared to Rs 2473.02 crore for the previous year. Total income of the company increased by 15.33% at Rs 34370.81 crore for year under review as compared to Rs 29802.38 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 20.22% rise in its net profit at Rs 2799.90 crore as compared to Rs 2329.05 crore for the previous year. Total income of the company increased by 15.35% at Rs 34727.39 crore for year under review as compared to Rs 30106.29 crore for year ended March 31, 2022.
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