Hero MotoCorp Q2 Profit Rises 5.7% YoY to ₹1,064 Crore

19 Nov 2024 , 10:49 AM

Hero MotoCorp announced its Q2 FY2024 results on November 14, 2024, showcasing a 5.7% year-on-year (YoY) increase in net profit to ₹1,063.71 crore.

• Revenue from operations grew by 9.96% YoY to ₹10,482.93 crore. 
• Quarter-on-quarter (QoQ), revenue rose by 2.67%, and 
• Net profit increased by 1.7%.
• Selling, General, and Administrative (SG&A) expenses surged by 7.17% QoQ and 13.39% YoY. 
• Operating income increased by 5.9% QoQ and 13.44% YoY.
• Earnings per share (EPS) stood at ₹53.08, marking a 5.63% YoY growth.

In the National Stock Exchange, shares of Hero MotoCorp is currently trading at ₹4786 which is a 1.12% gain than the previous close. Hero MotoCorp stock has gained  a total of 43% in the last one year, and 16% since the beginning of the year.