Global semiconductor revenue jumps 18 pc in 2024: Report
The global semiconductor industry witnessed a strong rebound in 2024, with total revenue reaching $626 billion, an 18.1 per cent increase from the previous year, a report said on Monday.
Despite selling a lower number of vehicles during the first quarter of FY24, two wheeler major Hero MotoCorp Ltd logged higher revenue and net profit.
In a regulatory filing on Thursday, the company said it had closed the quarter ending June 30 with an operational revenue of Rs 8,767.27 crore (against Q1FY23’s Rs 8,392.54 crore) and a net profit of Rs 824.72 crore (Rs 624.52 crore).
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During the period under review, the company had sold 13.53 lakh units down from 13.90 lakh units sold during the previous year corresponding period.
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The company had provided a sum of Rs 159.99 crore under the head exceptional item as an expense towards the voluntary retirement scheme
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