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Hero MotoCorp falls as adjusted profit lags estimates

Last Updated: Thursday, May 29, 2014 - 11:01

Shares in Hero MotoCorp fall after its January-March profit adjusted for other income lagged some analysts estimates.

The motorcycle maker`s other income grew by 17.7 percent to Rs 1.23 billion compared to 1.04 billion rupees in the same quarter last year, a company filing shows.

Hero MotoCorp said on Thursday March-quarter net profit was Rs 5.54 billion versus 5.74 billion rupees last year.

Hero MotoCorp stock was trading down nearly 1 percent as of 10: 25 a.m.

Reuters
First Published: Thursday, May 29, 2014 - 11:00
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