India's top two-wheeler maker, Hero MotoCorp, beat analysts' estimates for second-quarter profit on Thursday, driven by higher sales of its mid-range motorcycles. The company's standalone profit rose 14% over the year earlier to 12.

India's top two-wheeler maker, Hero MotoCorp, reported second-quarter profit above estimates on Thursday, helped by higher sales of its mid-range motorcycles. The company's standalone profit came in at 12.04 billion rupees ($142.6 million) for the three months ended Sept. 30, up 14% from the year earlier.

India’s largest two-wheeler manufacturer, Hero MotoCorp, reported a 14.2% year-on-year (YoY) increase in net profit to ₹1,203.5 crore for the September quarter, exceeding analysts' expectations.

Hero MotoCorp on Thursday reported a net profit of Rs 1,204 crore for the July-September period, beating Street expectations. Read on to learn more about the latest earnings report of Hero MotoCorp, whose popular motorcycles include Splendor Plus,

The company claimed that the recently concluded festive season saw it clocking its highest-ever retail sales at 1.6 million units, backed by higher demand from the rural sector.

Hero's total volumes for the quarter stood at 15.2 lakh units higher than the 14.1 lakh units sold in the same quarter of the previous fiscal year.

India's top two-wheeler maker, Hero MotoCorp , reported second-quarter profit above estimates on Thursday, helped by higher sales of its mid-range motorcycles.