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    HomeNewsBusinessEarningsHero Motocorp Q1 net seen down 6% at Rs 579 cr: KR Choksey

    Hero Motocorp Q1 net seen down 6% at Rs 579 cr: KR Choksey

    KR Choksey expects Hero Motocorp to report a 1 percent growth quarter-on-quarter (degrowth of 6 percent year-on-year) in net profit at Rs 579 crore.

    July 23, 2013 / 18:45 IST

    KR Choksey has come out with its first quarter (April-June) earnings estimates for automobiles sector. The brokerage house expects Hero Motocorp to report a 1 percent growth quarter-on-quarter (degrowth of 6 percent year-on-year) in net profit at Rs 579 crore.

    Revenues are expected to increase by 3 percent Q-o-Q (up 1 percent Y-o-Y) to Rs 6311 crore, according to KR Choksey.

    Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2 percent Q-o-Q (down 8 percent Y-o-Y) to Rs 865 crore.

    first published: Jul 23, 2013 06:45 pm

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