Hero MotoCorp Q1 Net Profit Dips 17% to ₹1,418 Crore

Hero MotoCorp is a big company that makes motorcycles and scooters in India.

Every few months, the company tells everyone how much money it made.

In the first three months of its new financial year, its profit went down by 17 percent to about 1,418 crore rupees.

This happened even though the company earned a lot more money from selling its products — revenue jumped by 35 percent.

One reason profit fell is that last year's numbers included a special one-time gain.

This year, the company also lost some money through other companies it has invested in.

The company is sharing its success by paying shareholders a final dividend of 75 rupees per share.

It also plans to start a new charity called the Hero MotoCorp Foundation.

Overall, the company is doing more business, but it is keeping less of it as profit.