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Hero MotoCorp Q1 profit rises 3.5% on higher sales

LiveMint logoLiveMint 25-07-2017 Jessica Kuruthukulangara

Bengaluru: Hero MotoCorp Ltd posted a 3.5% increase in quarterly profit on Tuesday, in line with expectations, helped by higher sales volumes.

Profit after tax was Rs914 crore ($141.99 million) in the first quarter ended 30 June, compared with Rs883 crore a year earlier, the world’s largest two-wheeler maker said.

Analysts on average had expected a profit of Rs915 crore, according to Thomson Reuters data.

The company said it sold 1.9 million two-wheelers, up 6.2% compared to the same period in 2016. Reuters

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