Hero MotoCorp, the world's largest two-wheeled vehicle manufacturer, missed estimates for the fourth straight quarter on Thursday as net profit fell 20.4 percent on slowing motorcycle demand in Asia's third-largest economy.
Hero said profit for the October-December period was Rs 488 crore, below the average market expectation of Rs 569 crore, according to Thomson Reuters I/B/E/S.
Net sales rose 2.8 per cent to Rs 6,151 crore, above the average analyst estimate of Rs 6,054 crore.
Copyright Thomson Reuters 2013
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