Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers.
The company started in 1984 as a Technological collaboration with Honda, Japan. Before this collaboration, Hero was selling Cycles under the brand name, Hero Cycles.
In 2011, Honda group sold its 26% stake in the company to the Munjals (promoters) and ended the JV. Post the termination of JV, the name of the company was changed to Hero Motocorp.
Financial Results:
Hero MotoCorp Ltd reported Revenues for Q3FY24 of ₹9,788.00 Crores up from ₹8,118.00 Crore year on year, a rise of 20.57%.
Total Expenses for Q3FY24 of ₹8,620.00 Crores up from ₹7,373.00 Crores year on year, a rise of 16.91%.
Consolidated Net Profit of ₹1,091.00 Crores up 51.32% from ₹721.00 Crores in the same quarter of the previous year.
The Earnings per Share is ₹54.70, up 50.56% from ₹36.33 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.