BS-III discounts trim Hero MotoCorp profit by 13.8% in Q4
Two-wheeler major Hero MotoCorp reported a 13.8 per cent YoY drop in net profit at Rs 718 crore for the quarter ended March 31. The company took a big hit on both top line as well as bottom line because of the huge discounts offered on the Bharat Stage III bike in a rush to clear inventory in March end.
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