Hero MotoCorp Q2 Profit Up Marginally, Misses Estimates
Hero MotoCorp Ltd, India's largest selling two-wheeler maker, reported a marginal rise in quarterly profit on Wednesday, missing estimates.Profit came in at 10.10 billion rupees ($156.35 million) for the quarter ended Sept. 30 versus 10.04 billion rupees a year ago.
Analysts on average expected a profit of 10.40 billion rupees 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.
($1 = 64.6000 rupees)
Credits: Reuters
