Hero MotoCorp Q1 PAT seen up 23.6% YoY to Rs. 775 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Auto & Auto ancillary sector. The brokerage house expects Hero MotoCorp to report net profit at Rs. 775 crore up 23.6% year-on-year (up 9% quarter-on-quarter).

Net Sales are expected to increase by 9.8 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 8,150.7 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 18.8 percent Y-o-Y (up 6.4 percent Q-o-Q) to Rs. 983.3 crore.

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