Hero Motocorp Q2 PAT may dip 14.8% YoY to Rs. 832.1 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 19) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Hero Motocorp to report net profit at Rs. 832.1 crore down 14.8% year-on-year (down 33.8% quarter-on-quarter).

Net Sales are expected to decrease by 18.1 percent Y-o-Y (down 7.3 percent Q-o-Q) to Rs. 7,443.7 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 24.2 percent Y-o-Y (down 9.7 percent Q-o-Q) to Rs. 1,045.7 crore.

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