Hero MotoCorp falls as adj profit lags estimates

Written by Reuters | Updated: May 29 2014, 16:46pm hrs
Shares in India's Hero MotoCorp fell 2.3 percent after its January-March profit adjusted for other income lagged some analysts estimates.

The motorcycle maker's other income grew by 17.7 percent to 1.23 billion rupees compared to 1.04 billion rupees in the same quarter last year, a company filing shows.

Hero MotoCorp said on Thursday March-quarter net profit was 5.54 billion rupees versus 5.74 billion rupees last year.