{"id":14924,"date":"2020-08-14T06:54:13","date_gmt":"2020-08-14T06:54:13","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=14924"},"modified":"2020-08-14T06:54:13","modified_gmt":"2020-08-14T06:54:13","slug":"hero-motocorp-shares-decline-nearly-2-after-q1-profit-plunges","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=14924","title":{"rendered":"Hero MotoCorp shares decline nearly 2% after Q1 profit plunges"},"content":{"rendered":"<p><\/p>\n<div>\n<section class=\"_2suu5 _24fIT clearfix  undefined undefined \">\n<div class=\"_3v5m2 image_wrapper \">\n<div class=\"_2gIK-\"><img decoding=\"async\" src=\"https:\/\/static.toiimg.com\/thumb\/msid-77539671,imgsize-481161,width-400,resizemode-4\/77539671.jpg\" alt=\"\" title=\"(File photo)\"\/><\/div>\n<\/div>\n<\/section>\n<p><span class=\"_3sXlO _1Ee83 img_cptn\">(File photo)<\/span><\/p>\n<p>NEW DELHI: Shares of <!-- -->Hero MotoCorp<!-- --> on Friday slipped around 2 per cent after the company reported a 95.38 per cent decline in consolidated net profit for the first quarter ended June 30. <br \/>The stock declined 1.90 per cent to Rs 2,757.65 on the BSE. <br \/>On the NSE, it fell 1.90 per cent to Rs 2,756.05. <br \/>The country&#8217;s largest two-wheeler maker on Thursday reported a 95.38 per cent decline in consolidated net profit at Rs 57.78 crore for the first quarter ended June 30, on account of lower sales due to coronavirus pandemic. <br \/>The company had posted a net profit of Rs 1,256.69 crore during April-June period of previous fiscal. <br \/>Total income during the quarter under review declined to Rs 3,119.22 crore as compared with Rs 8,410.41 crore in the year-ago period, Hero MotoCorp said in a regulatory filing. <br \/>The two-wheeler major sold a total of 5.65 lakh units of motorcycles and scooters in the first quarter of fiscal 2020-21 as compared with 18.43 lakh units in the same period of 2019-20. <\/p>\n<\/div>\n<p><a href=\\\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/hero-motocorp-shares-decline-nearly-2-after-q1-profit-plunges\/articleshow\/77539683.cms\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(File photo) NEW DELHI: Shares of Hero MotoCorp on Friday slipped around 2 per cent after the company reported a 95.38 per cent decline in consolidated net profit for the first quarter ended June 30. The stock declined 1.90 per cent to Rs 2,757.65 on the BSE. On the NSE, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14925,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-14924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/1597388056_photo.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14924"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/14925"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}