Hero MotoCorp reports flat profit growth in Q1 at Rs 909 crore; misses Street estimates

Hero MotoCorp on Wednesday posted 0.53 per cent fall in net profit at Rs 909.17 crore for the quarter ended June. The company had posted a profit of Rs 914.04 crore in the corresponding quarter last year.

ETNow Poll had predicted a net profit of Rs 1,007 crore in Q1.

Revenue from operations increased to Rs 8,809.82 crore in Q1FY19 over Rs 8,621.83 crore in Q1FY18. ETNow poll had predicted a revenue of Rs 9,088 crore for the quarter under review.

More to come...