INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Hero MotoCorp ran up ahead of its financial results for the June quarter due today
The scrip jumped 1.48 per cent to Rs 3,147.50 at around 9.40 am
The BSE Sensex was almost flat at 36,852.
Brokerage 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 stated that Ebitda margin would contract by 40 basis points on a QoQ basis and 70 basis points YoY to 15.6 per cent due to
a report.
Kotak Institutional Equities sees 10.50 per cent annual growth in net profit at Rs 1,010.20 crore in Q1 FY19 over Rs 914 crore in
However, it projected that Ebitda margin may decline by 50 basis points YoY due to rise in commodity cost.
Centrum Broking remains positive
on Hero MotoCorp, given its rural growth prospects
The brokerage firm sees 10.40 per cent YoY growth in net profit for Hero MotoCorp, while net sales may increase by 6.10 per cent on a YoY
