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HEROMOTORS — Hero Motors News Story

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India's Hero Motors rises on strong June quarter results

BUZZ-India's Hero Motors rises on strong June quarter results

** Shares of India's Hero Motors HERT.NS rise 6.3% to 164.98 rupees
** Stock on track to snap four straight sessions of losses

** Automotive technology co says quarterly consolidated revenue grew 25% Y/Y to 3.19 billion rupees ($33.6 million) from 2.56 billion rupees a year ago

** Consolidated net profit rose 117% Y/Y to 102 million rupees from 47.4 million rupees

** ICICI Direct Research says co reported healthy results with EBITDA margins at 11.2%




($1 = 95.0000 Indian rupees)


(Reporting by Anushka Rajvedi in Bengaluru)

((mailto: anushka.rajvedi@thomsonreuters.com))

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