Hero MotoCorp Q4 PAT falls 26% to Rs 613 cr, revenue at 6,333.8 cr

For the fiscal year ended March 31, the company posted a consolidated PAT of Rs 3,641.12 crore as compared with Rs 3,451.37 crore in the previous fiscal

The country's largest two-wheeler maker Hero MotoCorp on Tuesday reported a 26.46 per cent decline in consolidated profit after tax (PAT) at Rs 613.81 crore for the fourth quarter ended March 31.

The company, which had posted a PAT of Rs 776.23 crore in the same quarter a year ago, said it has rationalised capex spends for the current financial year by half.

Revenue from operations during the quarter under review stood at Rs 6,333.89 crore as against Rs 8,120.73 crore in the same quarter a year ago, Hero MotoCorp said in a regulatory filing.

The company said it sold