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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Hero Motors shares soar 8% as Q2 net profit more than doubles to Rs 10 crore

Hero Motors IPO

Shares of recently listed Hero Motors jumped as much as 8% to their day's high of Rs 168 on the BSE on Wednesday after the company reported a more than 115% year-on-year (YoY) increase in consolidated net profit to Rs 10.2 crore for the July-September quarter of FY27, compared with Rs 4.74 crore in the year-ago period.

Sequentially, however, net profit declined more than 31% from Rs 14.8 crore in the April-June quarter of FY27. Revenue from operations rose around 25% YoY to Rs 319 crore in the quarter under review, compared with Rs 256 crore in the corresponding quarter of FY26.

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