Hero MotoCorp fourth-quarter profit rises 35 percent, beats estimate

Profit rose to 9.67 billion rupees in the three months ended March 31, from 7.18 billion rupees a year ago, the company said in a statement.

Published: 02nd May 2018 04:38 PM  |   Last Updated: 02nd May 2018 04:38 PM   |  A+A-

Hero MotoCorp

The company sold over 2 million two-wheelers during the quarter, an increase of 23 percent over the same period a year earlier. | Reuters

By Reuters

Hero MotoCorp Ltd, the world's largest selling two-wheeler maker, reported a better-than-expected 35 percent rise in quarterly profit on Wednesday.

Profit rose to 9.67 billion rupees ($145.08 million) in the three months ended March 31, from 7.18 billion rupees a year ago, the company said in a statement.

Analysts on average expected a profit of 9.52 billion rupees for the quarter, Thomson Reuters Eikon data showed.

The company sold over 2 million two-wheelers during the quarter, an increase of 23 percent over the same period a year earlier.

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