Hero MotoCorp clocks 36 pc rise in Q1, net profit at Rs 1,123 crore
The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches.
The company said that the higher profit was driven by strong sales, recovery in the rural market and new launches.
Despite this decline, the company experienced a 12.6 per cent growth in the first two months (April-May 2024) of the fiscal year 2025 (FY25), selling 10.31 lakh units versus 9.15 lakh units in the same period last year.
The ED on Friday said that three immovable properties located in the national capital worth Rs 24.95 crore, belonging to Hero MotoCorp executive chairperson Pawan Kant Munjal have been provisionally attached under the provisions of the PMLA.
Pawan Munjal has been accused of forgery, falsifying books.
Despite selling a lower number of vehicles during the first quarter of FY24, two wheeler major Hero MotoCorp Ltd logged…
Santosh Munjal is the wife of late Brijmohan Lall Munjal, Chairman Emeritus of Hero MotoCorp.
Total motorcycle sales stood at 4,63,723 units last month as against 4,79,310 units in February 2020, down 3.25 per cent.
Shares of Hero MotoCorp on the BSE touched a 52-week high of Rs 3,575 per share on Friday. They, however, declined later to end on a subdued note.
This has been necessitated due to the increase in commodity prices and various other input costs, the company added.
Post the announcement, automaker’s shares were trading at 3,126.35, up by 0.27 per cent at 12.38 p.m. Earlier in the day, it had touched a high of Rs 3,156.
