"Handshake across the Himalayas"

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

India Credit Rating

India Credit Rating

No case for S&P ratings downgrade: Mayaram.  Full Article 

Tax Tangle

Tax Tangle

Infosys to challenge new tax demand of $105.3 million.  Full Article 

Gold Outlook

Gold Outlook

Gold futures to fall past one-month low.  Full Article 

It's a Deal

It's a Deal

Morgan Stanley to sell India wealth management unit to StanChart.  Full Article 

Money Triangle

Money Triangle

Despite curbs, China's vast hot money triangle flourishes.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

India's Hero MotoCorp Q3 net falls 20.4 pct

Stocks

   

MUMBAI | Thu Jan 17, 2013 4:21pm IST

MUMBAI Jan 17 (Reuters) - India's Hero MotoCorp Ltd , the world's largest two-wheeled vehicle manufacturer, missed estimates for the fourth straight quarter on Thursday as net profit fell 20.4 percent on slowing motorcycle demand in Asia's third-largest economy.

Hero said profit for the October-December period was 4.88 billion rupees ($89 million), below the average market expectation of 5.69 billion rupees, according to Thomson Reuters I/B/E/S.

Net sales rose 2.8 percent to 61.51 billion rupees, above the average analyst estimate of 60.54 billion rupees. ($1 = 54.7700 Indian rupees) (Reporting by Henry Foy; Editing by Jijo Jacob)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.