Shares of Hero MotoCorp on Wednesday dipped over 2 per cent after the company reported a 26.46 per cent decline in consolidated profit after tax (PAT) for the fourth quarter ended on March 31, 2020.
The stock declined 2.25 per cent to Rs 2,331.85 on the BSE. At the NSE, it dipped 2.39 per cent to Rs 2,330.20.
The country’s largest two-wheeler maker Hero MotoCorp on Tuesday reported a 26.46 per cent decline in consolidated profit after tax (PAT) at Rs 613.81 crore for the fourth quarter ended on March 31.
The company, which had posted a PAT of Rs 776.23 crore in the same quarter a year ago, said it has rationalised capex spends for the current financial year by half.
Revenue from operations during the quarter under review stood at Rs 6,333.89 crore as against Rs 8,120.73 crore in the same quarter a year ago, Hero MotoCorp said in a regulatory filing.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.