Hero MotoCorp Q1 Results: Profit Flat, Revenue Slips Nearly 6%

Hero MotoCorp Ltd.'s profit was flat in the quarter ended June at Rs 1,125.70 crore.

Revenue of India's largest two-wheeler maker fell 5.6% year-on-year to Rs 9,578.86 crore in the first quarter of this fiscal, according to an exchange filing on Tuesday.

Operating income, or earnings before interest, taxes, depreciation, and amortisation, fell 5% year-on-year to Rs 1,381.71 crore. The Ebitda margin was flat at 14.4%.

• Revenue down 5.6% to Rs 9,578.86 crore versus Rs 10,143.73 crore.

• Net Profit flat at Rs 1,125.70 crore versus Rs 1,122.63 crore.

• Ebitda down 5% to Rs 1,381.71 crore versus Rs 1,459.75 crore.

• Margin flat at 14.4%.

The quarterly earnings were shared aftermarket hours. The stock settled 1.56% lower at Rs 4,476 apiece on the NSE, compared to a 0.31% decline in the benchmark Nifty 50.

Hero Motor Corp's shares have fallen 13.49% in the last 12 months and risen 7.58% year-to-date.

Out of 42 analysts tracking the company, 23 maintain a 'buy' rating, 12 recommend a 'hold' and seven suggest 'sell', according to Bloomberg data.