Mumbai, May 8 -- Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters has announced its financial results for Q4 FY2024 and for FY2024.

The company reported revenue of INR 9,519, up 15 percent as compared to INR Rs 8,307 crore for the same period last year. The uptick was driven by a rich product mix, lower commodity costs, higher savings, and judicious price increases. The net profit came at INR 1,016 crore, up 18 percent, compared to INR 859 crore last year.

In terms of performance for FY2024, the revenue came at INR 37,456 crore, up 11 percent, and net profit of INR 3,968 crore, up 36 percent YoY respectively.Hero MotoCorp sold 56.21 lakh motorcycles and scooters as compared to 53.29 lakh two-wheelers last year...