Jul 14, 2016, 02.48 PM | Source: Moneycontrol.com
Sales are expected to increase by 1.8 percent Q-o-Q (up 9.9 percent Y-o-Y) to Rs 7646.2 crore, according to Motilal Oswal
, Motilal Oswal |
Sales are expected to increase by 1.8 percent Q-o-Q (up 9.9 percent Y-o-Y) to Rs 7646.2 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.4 percent Q-o-Q (up 18.2 percent Y-o-Y) to Rs 1239 crore.
Motilal Oswal's report on Hero Motocorp
Sales volume grew 6.1 percent Y-o-Y (+1.4 percent Q-o-Q) to 1.74m units, driven by new launches in the scooter segment. Realization should improve 3.6 percent Y-o-Y (flat Q-o-Q) to Rs 43,808 per unit, supported by price hikes of 0.8-1 percent taken in May 2016. Net revenue is likely to grow 10 percent Y-o-Y (2 percent Q-o-Q) to Rs 76.4b.
EBITDA margin is expected to expand 110bp Y-o-Y (+60bp Q-o-Q) to 16.2 percent on lower raw material costs and benefit of operating leverage. EBITDA is likely to grow 18 percent Y-o-Y (+5 percent Q-o-Q) to Rs 11.9b. We expect PAT to increase 17 percent Y-o-Y (+8 percent Q-o-Q) to Rs 8.8b.
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