Hero MotoCorp falls despite reporting 51% rise in Q3 consolidated net profit
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Hero MotoCorp is currently trading at Rs. 4679.95, down by 228.55 points or 4.66% from its previous closing of Rs. 4908.50 on the BSE.
The scrip opened at Rs. 4979.95 and has touched a high and low of Rs. 4979.95 and Rs. 4630.00 respectively. So far 24442 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4924.05 on 09-Feb-2024 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. 4924.05 and Rs. 4679.95 respectively. The current market cap of the company is Rs. 93163.53 crore.
The promoters holding in the company stood at 34.76 % while Institutions and Non-Institutions held 56.44 % and 8.80 % respectively.
Hero MotoCorp has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 50.95% rise in its net profit at Rs 1073.38 crore for Q3FY24 as compared to Rs 711.06 crore for the same quarter in the previous year. Total income of the company increased by 21.34% at Rs 9965.77 crore for Q3FY24 as compared Rs 8214.18 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported 51.28% rise in net profit at Rs 1091.12 crore for the third quarter ended December 31, 2023 as compared to Rs 721.24 crore for the same quarter in the previous year. Total income of the company increased by 20.86% at Rs 10031.43 crore for Q3FY24 as compared Rs 8300.28 crore for corresponding quarter of the previous year.
