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Hero MotoCorp reports 10% fall in Q2 consolidated net profit

Hero MotoCorp has reported results for second quarter ended September 30, 2019.

The company has reported a fall of 10.39% in its net profit at Rs 874.80 crore for the quarter under review as compared to Rs 976.28 crore for the same quarter in the previous year. Total income of the company decreased by 16.49% at Rs 7,778.53 crore for Q2FY20 as compared Rs 9,314.60 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 10% in its net profit at Rs 883.78 crore for the quarter under review as compared to Rs 981.99 crore for the same quarter in the previous year. Total income of the company decreased by 16.57% at Rs 7,825.16 crore for Q2FY20 as compared Rs 9,379.55 crore for the corresponding quarter previous year.

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