HERO MOTOCORP (HEROMOTOCO)
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Hero MotoCorp Q2 profit jumps 42% to ₹1,861 crore on scooter, EV surge
Hero MotoCorp reported a 42% year-on-year jump in Q2 FY27 net profit to ₹1,861 crore, driven by strong scooter and electric vehicle sales, with revenue rising 23%. While the bottom line missed some analyst estimates, the top line beat expectations on robust demand. The results underscore the company's momentum in the scooter and EV segments even as profitability fell short of consensus.
SS Retail shares jump 20% as Q1 profit climbs 61%
SS Retail shares surged 20% after the company reported a 61% year-on-year jump in Q1 profit and added 33 new stores. The stock has now nearly doubled from its issue price, with the earnings-driven rally drawing fresh attention to the newly listed retailer.
Hero Motors Q2 net profit more than doubles to Rs 10 crore
Listen to this article in summarized format 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. Hero Motors’ total income increased over 22% YoY to Rs 322.64 crore in Q2 FY27, from Rs 263.94 crore reported in the same quarter of FY26.
Hero Motors jumps 20% on ₹281 crore block deal, up 45% in two days
Hero Motors shares surged 20% on September 24, extending post-listing gains after a ₹281 crore block deal, even as the broader market remained weak. The stock has now rallied 45% over two days on huge volumes and leads gainers in the 'B' group. The block deal has clearly triggered strong buying interest in the newly listed counter.
Hero Motors IPO subscribed 1.18 times on first day of bidding
The ₹1,000-crore IPO of Hero Motors will remain open for subscription till September 18. The company has fixed the price band at ₹79-84 per equity share. IPO structure The issue comprises a fresh issue of equity shares aggregating up to ₹600 crore and an offer-for-sale (OFS) of shares worth up to ₹400 crore by promoters.
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