Hero MotoCorp Q3 consolidated PAT up 14% at Rs 1,029 cr

The country's largest two-wheeler maker Hero MotoCorp has posted 13.7 per cent increase in its consolidated profit after tax at Rs 1,029.17 crore for the third quarter ended December 31, 2020.

The company had reported a net profit of Rs 905.13 crore in the October-December period of the previous fiscal.

The two-wheeler major's revenue from operations rose to Rs 9,827.05 crore during the period under review, as compared to Rs 7,074.86 crore in the third quarter of 2019-20, Hero MotoCorp said in a regulatory filing.

On a standalone basis the company reported 23.17 per cent increase in its PAT at Rs 1.084.47 crore, as against Rs 880.41 crore in the same period of the previous fiscal. Revenues from operations rose to Rs 9,775.77 crore, as against Rs 6,996.73 crore in the October-December period of the previous fiscal.