Hero MotoCorp s standalone Q4 net profit down 14%

Mumbai May 10 (IANS) Two-wheeler major Hero MotoCorp on Wednesday reported a decline of 13.86 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17.

According to the company its net profit during the quarter under review decreased to Rs 717.75 crore from Rs 833.29 crore in the corresponding period of 2015-16.

The total income of the company fell by 7.55 per cent to Rs 7 606.31 crore from Rs 8 227.93 crore during the corresponding quarter of 2015-16.

Further Hero MotoCorp reported a drop of 5.8 per cent in its sales during Q4 to 16 21 805 units from 17 21 240 units.

--IANS
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