India's Hero Honda qtrly net up 79 pct, beats fcast

Newswire

MUMBAI, Jan 25 (Reuters) - Hero Honda Motors Ltd , India's largest motorcycle maker, on Monday reported a 79 percent rise in quarterly net profit, beating forecasts, on higher sales. The company, in which Japan's Honda Motor Corp holds 26 percent stake, reported net profit of 5.36 billion rupees ($116 million), up from 3 billion a year earlier. Net sales rose to 38.14 billion rupees from 28.74 billion year-ago. A Reuters poll of 13 brokerages had forecast net profit at 5.07 billion ...

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