Two-wheeler maker Hero MotoCorp on October 28 reported a 9 percent year-on-year (y-o-y) growth in standalone profit for the September quarter 2020, supported by revenue, but lower other income restricted growth.Standalone profit increased to Rs 953.45 crore during the quarter, compared to Rs 874.8 crore in same period last fiscal.Revenue in grew by 23.7 percent (y-o-y) to Rs 9,367.34 crore in the quarter ended September 2020, with 7.7 percent growth in volume.Close Hero sold 18.22 lakh units in the September quarter, against 16.91 lakh units sold in the year-ago period. related news India’s manufacturing PMI rises for 3rd straight month; output rises at quickest pace since October 2007 BJP’s influence on Bengal masses rising, party has to address organisational issues in some areas: Surveys Wipro launches tenant acquisition management solution for real estate industry “The earnings in the second quarter of FY21 reflects a strong performance, signaling a gradual revival from the negative impact of the global pandemic. The recovery in demand to pre-COVID levels, credible resumption of supply chain and logistics, cost & cash management, along with judicious price increase, has helped deliver profitability,” Niranjan Gupta, Chief Financial Officer, said.”Based on early estimates, we expect the momentum to continue… Read full this story
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Hero MotoCorp Q2 profit rises 9% to Rs 953 crore, CFO expects momentum to continue into festive season have 237 words, post on www.moneycontrol.com at October 30, 2020. This is cached page on Bach Thien. If you want remove this page, please contact us.