NEW DELHI: Shares of Hero MotoCorp Wednesday fell by 3 per cent after the company reported a 3.38 per cent dip in its standalone profit-after-tax for the September quarter.
The scrip declined 2.88 per cent to end at Rs 2,815.10 on the BSE.
Intra-day, it slumped 4.34 per cent to Rs 2,772.85.
On the NSE, shares of the company fell by 3 per cent to close at Rs 2,807.55.
The country's largest two-wheeler maker Hero MotoCorp Tuesday reported a 3.38 per cent dip in its standalone profit-after-tax to Rs 976.28 crore for the September quarter mainly on account of higher expenses.
The company had posted a net profit of Rs 1,010.49 crore for the corresponding period of the previous fiscal, Hero MotoCorp said in a BSE filing.
Revenue from operations for the quarter under review stood at Rs 9,090.94 crore as against Rs 8,371.74 crore in the same period previous fiscal, it added.