By Reuters |
Hero MotoCorp Ltd, the world's largest selling two-wheeler maker, reported a better-than-expected 35 percent rise in quarterly profit on Wednesday.
Profit rose to 9.67 billion rupees ($145.08 million) in the three months ended March 31, from 7.
18 billion rupees a year ago, the company said in a statement. Analysts on average expected a profit of 9.52 billion rupees for the quarter, Thomson Reuters Eikon data showed. The company sold over 2 million two-wheelers during the quarter, an increase of 23 percent over the same.
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (bloomberg.com).