Hero Motocorp Q1 PAT may dip 12.1% YoY to Rs 775.9 cr: KR Choksey

KR Choksey has come out with its first quarter (April-June) earnings estimates for the Auto sector. The brokerage house expects Hero Motocorp to report net profit at 775.9 crore down 12.1% year-on-year (up 8.6% quarter-on-quarter).

Net Sales are expected to increase by 14.7 percent Q-o-Q (up 7.2 percent Y-o-Y) to Rs 7931.1 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13.5 percent Q-o-Q (down 11.7 percent Y-o-Y) to Rs 1086.6 crore.

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