Hero MotoCorp Dec-quarter profit up 43 pct

Hero MotoCorp, the world's largest two-wheeled vehicle manufacturer, posted a 43 percent jump in quarterly net profit, in line with market estimates.

The company earned 6.13 billion rupees in the quarter to end-December, compared with 4.29 billion rupees a year earlier.

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It reported net sales of 59.84 billion rupees, compared with 51.18 billion rupees in the year-ago period.

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Analysts on average expected net profit for the third fiscal quarter to be 6.13 billion rupees, according to Thomson Reuters I/B/E/S.

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