The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal.

NEW DELHI: Leading two-wheeler maker Hero MotoCorp has reported a 17% decline in consolidated profit after tax to Rs 1,418 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal.