Hero MotoCorp Reports Impressive Financial Results for Q1 2024, Operating Profit and PAT on the Rise
Hero MotoCorp, a leading player in the Auto - 2 & 3 Wheel industry, has recently declared its financial results for the quarter ending March 2024. The company has shown a positive performance in this quarter, with its score improving from 20 to 8 in the last 3 months.One of the key highlights of the financials is the Operating Profit (PBDIT) for the quarter, which stands at an impressive Rs 1,393.57 crore. This is the highest in the last five quarters and has shown a consistent growth trend. This is a positive sign for the company in the near term.
Another noteworthy aspect is the Profit After Tax (PAT) for the half-yearly period, which has grown by 32.48% year on year, reaching Rs 2,028.42 crore. This indicates a positive trend in the near term for the company's profitability.
The company's Operating Profit Margin for the quarter is also at its highest in the last five quarters, standing at 14.49%. This shows an improvement in the company's efficiency.
Overall, Hero MotoCorp has shown a strong financial performance in the quarter ending March 2024. With its operating profit and profit after tax on the rise, the company is on a positive trajectory. MarketsMOJO has given a 'Hold' call for the stock, making it a company to watch out for in the Auto - 2 & 3 Wheel industry.
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