An worker works on a bike inside a Hero MotoCorp service station in Ahmedabad, India, October 16, 2018. REUTERS/Amit Dave Purchase Licensing Rights
BENGALURU, Nov 1 (Reuters) – Hero MotoCorp (HROM.NS), India’s largest motorbike maker, reported an increase in second-quarter revenue that beat market expectations on Wednesday, as decrease commodity prices and worth hikes helped offset muted gross sales.
Hero’s standalone revenue after tax rose 47.2% to 10.54 billion rupees ($126.6 million) within the July-September quarter, from 7.16 billion rupees a 12 months earlier than.
Analysts on common anticipated a revenue of 9.69 billion rupees, LSEG information confirmed.
($1 = 83.2900 Indian rupees)
Reporting by Nandan Mandayam and Varun Vyas in Bengaluru; Modifying by Savio D’Souza
Our Requirements: The Thomson Reuters Belief Rules.
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