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Hero MotoCorp Ltd Q1FY25; 47% rise in Profits

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.

Financial Results:

Hero MotoCorp Ltd reported Revenues for Q1FY25 of ₹10,211.00 Crores up from ₹8,851.00 Crore year on year, a rise of 15.37%.

Total Expenses for Q1FY25 of ₹9,028.00 Crores up from ₹7,935.00 Crores year on year, a rise of 13.77%.

Consolidated Net Profit of ₹1,032.00 Crores up 47.22% from ₹701.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹52.31, up 47.23% from ₹35.53 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.

Tags: Automobile
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