Hero MotoCorp to launch new launches, accelerate rural growth

Hero MotoCorp (HMCL) saw a strong volume performance in the first quarter of the current financial year (Q1FY25), but margins fell on weak spare parts sales and negative margins on electric vehicles (EV). The company is hoping for a strong festive season on the back of better rural sentiment.

Revenue grew 16 percent year-on-year (YoY) to Rs 10,140 crore, operating profit rose 21 percent to Rs 1,460 crore and adjusted net profit grew 19 percent YoY to Rs 1,120 crore. Net realizations improved 2 percent YoY to Rs 66,100 per unit, while volumes grew 13.5 percent