Automobile company 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. In the same quarter a year ago, the company had a profit of Rs 824.72 crore. 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, during this period, the total expense of the company was Rs 8,881.99 crore. The company has released the results of the first quarter today (Tuesday, 13 August). 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 can tell which business of the firm is making profit and which is not. Hero Moto Corp’s stock fell 1.21% today
Before the results, Hero Moto Corp’s stock closed at Rs 5,229.55 today (Tuesday, August 13) after falling 1.55%. The company’s stock has fallen 1.15% in the last 5 days and 6.72% in a month. At the same time, it has given a return of 10.22% in 6 months and 73.70% in a year. Hero Moto Corp’s stock has risen 26.98% this year i.e. from January 1, 2024 till now. The company’s market-cap is Rs 1.05 lakh crore. Hero Honda Motors Limited was formed in 1984
Hero joined hands with Honda in 1984 and established the new company Hero Honda Motors Limited. After working together for about 27 years, both the companies separated in 2011. Hero started a new business called HERO MOTOCORP and dropped the Honda brand name and logo. Currently Pawan Munjal is the Executive Chairman and Whole Time Director of the company.
