NEW DELHI: Leading two-wheeler maker Hero MotoCorp has reported a 17% decline in consolidated profit after tax to Rs 1,418 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal.

Hero MotoCorp posted a 29% net profit increase for the first quarter. Revenue from operations rose 36% to Rs 12,999 crore during the period. The company sold 16.77 lakh…

Hero MotoCorp's Q1 profit falls 16.9% to ₹1,418 crore, despite a 23% growth in motorcycle and scooter sales.