INSUBCONTINENT EXCLUSIVE:
Analysts expect the two-wheeler major Hero MotoCorp to report a marginal dip in its bottom line figures for the quarter ended September 30
the scrip rose 0.90 per cent to Rs 2,909.35 on BSE.
Hero MotoCorp may report 5.50 per cent year-on-year rise in sales volume to 21,34,047 in
Q2FY19 over 20,22,805 units in the same period last year
An assessment by BOBCAPS showed that the two-wheeler major may report 3.10 per cent YoY fall in net profit for the quarter ended September
2018, while net revenue may increase by 8.1 per cent on YoY basis
report.
Brokerage firm IDBI Capital Markets expects 6.40 per cent year-on-year fall in net profit at Rs 946.30 crore for the quarter ended
Hero MotoCorp had posted a net profit of Rs 1,010.50 crore in the corresponding quarter last year
However, the brokerage firm also projected 8.9 per cent year-on-year rise in topline figures in Q2FY19.
Ebitda and EPS may dip by 4.2 per
cent YoY and 6.4 per cent YoY
