08-05-2024 02:57 PM | Source: Reuters
India's Hero MotoCorp beats Q4 profit estimates
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Hero MotoCorp, India's largest motorcycle maker by market share, reported a bigger-than-expected rise in fourth-quarter profit on Wednesday, aided by sales of its bikes such as Splendor and Passion.
The company's standalone profit rose 18.3% year-on-year to 10.16 billion rupees ($121.7 million) in the three months ended March 31.
Analysts, on average, had expected a profit of 10.06 billion rupees, per LSEG data.
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