Hero MotoCorp logs higher revenue, profit on lower sales volume

10 Aug 2023

Business

Hero MotoCorp logs higher revenue, profit on lower sales volume

In a regulatory filing on Thursday, the company said it had closed the quarter ending June 30 with an operational revenue of Rs 8,767.27 crore (against Q1FY23's Rs 8,392.54 crore) and a net profit of Rs 824.72 crore (Rs 624.52 crore). During the period under review, the company had sold 13.53 lakh units down from 13.90 lakh units sold during the previous year corresponding period. The company had provided a sum of Rs 159.99 crore under the head exceptional item as an expense towards the voluntary retirement scheme (VRS). --IANS vj/vd

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)

Hero MotoCorp logs higher revenue, profit on lower sales volume

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