Hero MotoCorp Q2 Net up 9.26% at Rs 481.41 cr

Hero MotoCorp Q2 Net up 9.26% at Rs 481.41 cr New Delhi: The country's largest two-wheeler maker Hero MotoCorp on Wednesday reported 9.26 per cent rise in its consolidated net profit for the second quarter ended September 30 at Rs 481.41 crore.

The company had posted a net profit of Rs 440.58 crore in the same quarter last fiscal, Hero MotoCorp said in a statement.

Net sales during the quarter under review stood at Rs 5,696.46 crore as against Rs 5,151.18 crore last fiscal, up 10.58 per cent.

In terms of unit volume, the company said its sales during the quarter grew by 6.26 per cent to 14,16,276 units as against 13,32,805 units units in the year-ago period.

Shares of Hero MotoCorp closed at Rs 2,086.35 per scrip, up 0.79 per cent.