Hero MotoCorp Q2 PAT may dip 25.6% YoY to Rs 709 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Hero MotoCorp to report net profit at Rs 709 crore down 25.6% year-on-year (down 15.7% quarter-on-quarter).

Net Sales are expected to decrease by 13.6 percent Y-o-Y (up 47.4 percent Q-o-Q) to Rs 8,090 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 24.6 percent Y-o-Y (up 88.4 percent Q-o-Q) to Rs 970 crore.

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