 "Hero MotoCorp")
Shares of Hero MotoCorp slid 2 per cent to Rs 2,757.66 on the BSE after the two-wheeler maker reported a 95 per cent year-on-year (YoY) decline in consolidated net profit at Rs 57.78 for the quarter ended June 30 (Q1FY21), on account of lower sales due to Covid-19 pandemic.
Total income during the quarter under review declined to Rs 3,119.22 crore as compared with Rs 8,410.41 crore in the year-ago period, Hero MotoCorp said in a regulatory filing.
The two-wheeler major sold a total of 565,000 units of motorcycles and scooters in the first quarter of fiscal 2020-21 as compared with 1.843
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