Hero MotoCorp Ltd's has registered a 9.14 per cent decline in profit before tax (PBT) to Rs 1044.44 crore for the quarter ended December 31, 2019.
The company had posted a PBT of Rs 1149.63 crore in the corresponding period last year.
The total income declined 10.7 per cent to Rs 7259.39 crore during the quarter compared to Rs 8128.16 crore in the same period of previous year.
The company says there are early indicators for the growth of rural economy that are likely to help the industry and it expects to see a turnaround in the second half of