Hero MotoCorp on Tuesday reported a standalone net profit of Rs 1,123 crore for the quarter ended June 30, 2024 which was up by 36% from Rs 825 crore posted by the two-wheeler maker in the year ago period.
The revenue from operation for the reporting quarter stood at Rs 10,144 crore, which was up by 16% from Rs 8,767 crore reported in the corresponding quarter of the previous financial year.
Both PAT and revenue were below ET Now poll of Rs 1,184 crore and Rs 10,477 crore, respectively.
Earnings before Interest, Tax, Depreciation & Amortization (EBITDA) for Q1 of FY’25 stood at Rs 1,460 crore, witnessing a growth of 21% on the YoY basis.
The two-wheeler company in its filing to the exchanges claimed PAT to its highest ever after adjusting for exceptional items.
