Shares of Hero MotoCorp rose in early trading on August 16 after the company reported better results for the quarter ended June 2022.

Hero MotoCorp reported on August 12 that its consolidated net profit rose 131% to Rs 590 crore in the first quarter ended June 2022, compared to Rs 256 crore a year ago.

On a sequential basis, profit slipped 3.4% from Rs 611 crore in January-March.

Consolidated revenue rose 54% year-on-year to Rs 8,448 crore compared to Rs 5,503 crore a year earlier. Revenue rose 12.7% quarter-on-quarter compared to Rs 7,497 crore in the previous quarter.