Hero Moto Q3 Results: Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore and was higher than an ETnow poll of Rs 9,690 crore. The board has recommended an interim dividend of Rs 75 a share for the current financial year, and a special dividend of Rs 25 a share to mark the centennial year of Chairman Emeritus Brijmohan Lall Munjal.
Hero MotoCorp Q3 profit rises 14% to Rs 1,029 crore
The company had reported a net profit of Rs 905.13 crore in the October-December period of the previous fiscal
PTI | February 5, 2021 | Updated 15:09 IST
The two-wheeler major s revenue from operations rose to Rs 9,827.05 crore during the period under review, as compared to Rs 7,074.86 crore in the third quarter of 2019-20, Hero MotoCorp said in a regulatory filing
The country s largest two-wheeler maker Hero MotoCorp has posted 13.7 per cent increase in its consolidated profit after tax at Rs 1,029.17 crore for the third quarter ended December 31, 2020. The company had reported a net profit of Rs 905.13 crore in the October-December period of the previous fiscal.
Hero MotoCorp is set to announce results for the December quarter of FY21 (Q3FY21) on Thursday, with analysts expecting the two-wheeler major to report an over 35 per cent year-on-year (YoY) growth in revenues while net profit is seen rising around 11 per cent, led by increase in volumes and average selling prices. On the other hand, gross margins may decline on input cost pressure, they said. According to the monthly sales data, the company sold 18.45 lakh units in the quarter under review, up 19.8 per cent from the 15.40 lakh units sold in the year-ago quarter. It had recorded 18.14 lakh sales in Q2FY21.