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Hero MotoCorp Q2 Profit Up Marginally, Misses Estimates

Profit came in at Rs 10.10 billion ($156.35 million) for the quarter ended September 30 versus Rs 10.04 billion a year ago

Hero MotoCorp, India's largest selling two-wheeler maker, reported a marginal rise in quarterly profit on Wednesday, missing estimates.

Profit came in at Rs 10.10 billion ($156.35 million) for the quarter ended September 30 versus Rs 10.04 billion a year ago.

Analysts on average expected a profit of Rs Rs 10.40 billion for the quarter, Thomson Reuters data showed.

The company sold about 2 million two-wheelers during the quarter, an increase of about 11 percent over the same period last year.

(Reuters)


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