ICICI Direct has come out with its third quarter (October-December’ 20) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Hero MotoCorp to report net profit at Rs. 811 crore down 7.9% year-on-year (down 14.9% quarter-on-quarter).
Net Sales are expected to increase by 39.4 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 9,752 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 5.3 percent Y-o-Y (down 15 percent Q-o-Q) to Rs. 1,094 crore.
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