Hero MotoCorp reports 14.05% fall in Q4 net profit

Hero MotoCorp on Thursday reported a 14.05 per cent fall in its Q4 net profit, registering a one-time loss of Rs 155 crore.

The firm posted a net profit of Rs 476.5 crore in the last quarter against Rs 554.43 crore in the corresponding period of 2013-14.

Total income rose to Rs 6,886.75 crore in the quarter under review against Rs 6635.94 crore for the quarter ended March 31, 2014.

The board of the company recommended a final dividend of Rs 30 per equity share of Rs 2 each for the financial year 2014-15.

The earnings were announced after market hours. The Hero MotoCorp stock gained 1.21 per cent to close at Rs 2,354 on the BSE.