Hero MotoCorp Q4 net profit rises 39% to Rs 865 crore, beats estimates

'While a late recovery towards the second half of FY21 saw the company gain strong volumes, the broader market continues to suffer in view of the recent Covid surge,' says Pawan Munjal

India's largest two-wheeler maker Hero MotoCorp on Thursday posted a 39.2 per cent increase in its standalone net profit at Rs 864.97 crore for the quarter ended March 31, 2021 (Q4FY21). It was Rs 620.7 crore in the year-ago period.

On a consolidated basis, Hero MotoCorp's profit after tax came in at Rs 885.28 crore compared with Rs 613.81 crore reported in Q4FY20.

The company's board has recommended a final dividend of Rs 25 per equity share and a special dividend of Rs 10 per equity share.

The two wheeler major's revenue from operations came in at Rs 8,685.97 crore,