Hero MotoCorp Beats Quarterly Profit Forecasts on Demand
Hero MotoCorp reported a 30 percent rise in quarterly profit to 14.01 billion rupees. Strong domestic demand helped the company exceed analyst estimates.
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HERO MOTOCORP LTD grew fourth-quarter profit nearly 30% to 14.01 billion rupees ($147.04 million) in India. The result beat LSEG analyst estimates of 13.35 billion rupees as domestic demand for motorcycles remained strong. Sustained domestic growth confirms the manufacturer's dominance in a market that provides over 90% of its total revenue.
