Tag: Hero Motocorp Q1 FY 21 results
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Hero Motocorp Q1 FY ’21 results: Net profit plunges 95% to INR 61 crore on lockdown
India’s largest two-wheeler manufacturer- Hero MotoCorp- reported 95.12% y-o-y drop in net profit to INR 61.31 crore in Q1 FY’21, as consumers put off purchases during the lockdown months. The company’s net revenue from operations dropped 63% to INR 2,971.54 crore from INR 8,030.27 crore a year ago. It sold 5.65 lakh units of two-wheelers…