Hero MotoCorp Posts Q1 Profit Of Rs 909 Crore, Misses Analysts' Estimates

INSUBCONTINENT EXCLUSIVE:
Analysts on average had expected a net profit of Rs 1,004 crore, according to Thomson Reuters.The world's largest two-wheeler maker, Hero
MotoCorp Ltd, posted a lower-than-expected quarterly profit on Wednesday, hit by higher cost of materials
Profit after tax fell slightly to Rs 909 crore ($132.2 million) in the first quarter ended June 30, compared with Rs 914 crore a year
earlier
Analysts on average had expected a net profit of Rs 1,004 crore, according to Thomson Reuters I/B/E/S.The cost of materials consumed rose