Hero Motocorp Q1 PAT seen up 10.5% YoY to Rs. 1,010.2 cr: Kotak

Kotak has come out with its first quarter (April-June’ 18) earnings estimates for the Automobiles sector. The brokerage house expects Hero Motocorp to report net profit at Rs. 1,010.2 crore up 10.5% year-on-year (up 4.4% quarter-on-quarter).

Net Sales are expected to increase by 14.1 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 9,096.3 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.6 percent Y-o-Y (up 4.6 percent Q-o-Q) to Rs. 1,433.5 crore.

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