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Hero MotoCorp Q2 Profit Up Marginally, Misses Estimates

Analysts on average expected a profit of 10.40 billion rupees for the quarter, as shown by the Thomson Reuters data

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1458212618_GRbLn5_Hero2.jpg

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


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