Hero MotoCorp Q3 PAT up 51% at Rs 1,073 crore, beats analysts' estimates
Fri, Feb 9, 2024 6:44 PM

Hero MotoCorp Q3 PAT up 51% at Rs 1,073 crore, beats analysts' estimates

A Flip by Shubhangi Gupta
Get it on Google Play
Thanks to easing input costs, operative leverage, higher average selling price, price hikes, and a surge in volumes, Hero MotoCorp registered a 50.96 percent year-on-year (YoY) jump in standalone net profit to Rs 1,073.38 crore for the quarter ended December 31, 2023. The country’s largest two-wheeler manufacturer’s net profit stood at Rs 711.06 crore during the same period last year.

More great flips

Fabtech Technologies IPO shares list at 90% premium over IPO price

Fabtech Technologies IPO shares list at 90% premium over IPO price

Fabtech Technologies shares debuted on the BSE SME platform at Rs 161.50, a 90% premium over its IPO price, following a robust subscription demand of over 700 times to its Rs 27.74 crore issue. The company's market valuation stands at Rs 198.96 crore, with IPO proceeds to be used for working capital and acquiring Kelvin Air Conditioning shares.

Open Flip
Yellow metal price rally by Rs 1,600/10 gm, silver gains Rs 4,900/kg

Yellow metal price rally by Rs 1,600/10 gm, silver gains Rs 4,900/kg

Gold February futures contracts at MCX opened slightly higher on Friday at Rs 78,311/10 gram, which is up by 0.27% or Rs 207 while silver March futures contracts inched higher to open at Rs 92,160/kg, up by nearly 0.5% or Rs 449.Gold prices increased by Rs 1,560/10 grams in January so far while silver prices fell by Rs 4,930/kg in the same period.

Open Flip
Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS

Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS

Shares of Adani Wilmar fell 9.5% in early trade on January 10, hitting ₹292.65 per share. The decline followed Thursday evening’s announcement that its promoter proposes to divest up to 20% stake in the company through an Offer For Sale (OFS)."Adani Commodities LLP is one of the promoters of the company.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon