INSUBCONTINENT EXCLUSIVE:
Two index heavyweights, two-wheeler major Hero MotoCorp and infrastructure conglomerate Larsen Toubro (LT), are slated to announce their
financial results for the quarter ended June on Wednesday.
Shares of Hero MotoCorp settled 2 per cent down at Rs 3,101.45 on Tuesday ahead
of its quarterly numbers, while LT closed 3.36 per cent up at Rs 1,322.55
numbers of the two heavyweights.Hero MotoCorpBrokerage firm Emkay Global Financial Services believes that standalone revenue of Hero
MotoCorp is likely to grow by 14 per cent year-on-year (YoY), led by growth of 14 per cent YoY in volume
It further added that ebitda margin of the company would contract by 40 basis points on QoQ basis points and 70 basis points on YoY basis to
However, it also projected that ebitda margin may decline by 50 basis points YoY due to rise in commodity cost.
Larsen ToubroQ1FY19E is
companies (Bhel, KEC, KPTL, LT, Thermax) registered strong order inflows worth Rs 40105 crore with YoY growth of 28 per cent led by order
hydrocarbon and rest in various segment across construction business.
The brokerage firm sees 9.90 per cent YoY rise in net profit at Rs
613.30 for LT, while revenue and EBITDA may increase by 8.80 per cent and 11.50 per cent on YoY basis.
