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Hero MotoCorp Q3 net profit rises 14.8% to Rs 880 crore

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Hero MotoCorp on Thursday reported 14.8 per cent year-on-year (YoY) rise in standalone net profit at Rs 880.41 crore for the quarter ended December 31. The two-wheeler major had posted a profit of Rs 769.10 crore in the same period last year. Analysts in an ET NOW poll had projected the number at Rs 700 crore. Total income, however, declined by 10.84 per cent to Rs 7178.94 crore. The company sold 15,40,876 vehicles during the quarter against 17,98,905 in the corresponding quarter last year.

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