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HEROMOTOCO — Hero Motocorp News Story

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India's Hero MotoCorp gains after quarterly profit rise

India's Hero MotoCorp gains after quarterly profit rise

- Shares of India's Hero MotoCorp HROM.NS rose about 2.1% in early trade on Friday, after the two-wheeler reported a 29% surge in profit after tax the previous day.

Analysts from Citi said Hero beat EBITDA estimates despite lower-than-expected gross margins due to cost reduction efforts.


(Reporting by Abhirami G in Bengaluru; Editing by Harikrishnan Nair)

((abhirami.g@thomsonreuters.com))

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