Mumbai22 minutes ago
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After the first quarter results, the shares of automobile company Hero Moto Corp are seeing a decline of about 4% today. The shares of Hero Moto Corp are trading at Rs 5,062 with a decline of 3.94%.
Even before the quarterly results, the company’s stock had fallen by 1.55% yesterday on Tuesday. The company’s stock has fallen by 10% in the last one month. The company’s stock has risen by 5% in the last 6 months.
In the last one year, the company’s stock has given a return of 67.80% to its investors. The company’s market cap is Rs 1.01 lakh crore. The company has released its quarterly results a day ago.
The company’s profit increased by 36% in the April-June quarter
Hero Moto Corp has earned a net profit (standalone net profit) of Rs 1,122.63 crore in the first quarter of the financial year 2024-25. It has increased by 36.12% on an annual basis. The company had a profit of Rs 824.72 crore in the same quarter a year ago.
Talking about the standalone revenue from the company’s operations, it was Rs 10,143.73 crore in the April-June quarter. It has increased by 15.69% on an annual basis. In the same quarter a year ago, the company had generated a revenue of Rs 8,767.27 crore. The amount received from selling goods and services is called revenue.
Hero MotoCorp’s total income increased by 15.42%
In the April-June quarter, the total income of Hero Moto Corp Limited increased by 15.42% year-on-year to Rs 10,375.44 crore. In the first quarter of the financial year 2023-24, the company’s income was Rs 8,989.44 crore. At the same time, the total expense of the company during this period was Rs 8,881.99 crore.
What is standalone profit?
Standalone profit tells the profitability of a single company within a firm. That is, it does not include the associate or subsidiary company of the firm. Standalone profit tells us which business of the firm is making profit and which is not.
Hero Honda Motors Limited was formed in 1984
Hero joined hands with Honda in 1984 and established a new company Hero Honda Motors Ltd. After working together for about 27 years, the two companies separated in 2011.
Hero started a new business under the name HERO MOTOCORP and dropped the Honda brand name and logo. Currently Pawan Munjal is the executive chairman and whole time director of the company.
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