has come out with its third quarter (October-December) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Hero Motorcorp
to report net profit at 694.3 crore down 30.2% quarter-on-quarter.
Net Sales are expected to decrease by 23.2 percent Q-o-Q (down 18 percent Y-o-Y) to Rs 5984.7 crore, according to KR Choksey.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 29.2 percent Q-o-Q (down 10.5 percent Y-o-Y) to Rs 969.5 crore.
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