Hero Moto Corp profits up 71%
According to Hero Moto Corp, net profit increased by 71% in the quarter ended June to Rs. 625/- Crore. Revenue increased by 53% to Rs. 8393/- Crore. Total Income Rs. 941/- Crore and last year this amount was Rs. 515/- Crore.
During the quarter, the company sold 13.90 lakh units, a growth of 36% compared to last year. The company will be launching electric cars during the festive season.
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