 "Hero MotoCorp")
Hero MotoCorp on Tuesday reported a 2.41 per cent year-on-year rise in consolidated net profit to Rs 721.24 crore in the third quarter of 2022-23 amid weak demand, especially in the rural areas.
Its total income jumped by 2.05 per cent in Q3 (year-on-year) to Rs 8,300.3 crore. The company said the cost-cutting (savings) programme and multiple launches lined up during the next few quarters should help improve profitability.
Hero MotoCorp on Tuesday declared an interim dividend of Rs 65 per share for FY23. “The payment of interim dividend will be completed by March 9,” it added.
Himanshu Singh, research
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