Hero MotoCorp quarterly profit slips on higher expenses

  • Profit dropped to 769 crore for the three months ended 31 December, compared with 805 crore a year earlier
  • Revenue from operations grew 7.5% to 7,865 crore, the company said in a statement

Bengaluru: Hero MotoCorp Ltd, the world's largest two-wheeler manufacturer, posted a lower profit on Thursday as higher expenses weighed.

Profit dropped to 769 crore ($108.11 million) for the three months ended 31 December, compared with 805 crore a year earlier.

That compared with analysts' average estimate of 768 crore, according to Refinitiv data.

Expenses in the third quarter jumped nearly 10%.

Revenue from operations grew 7.5% to 7,865 crore, the company said in a statement.


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