Moneycontrol
Last Updated : Feb 07, 2018 08:54 AM IST | Source: CNBC-TV18

Hero MotoCorp Q3 profit seen up 5% but realisations may fall 4%

Analysts expect a mixed bag for the company this quarter. Revenues may be strong due to 16 percent YoY increase in volumes.

Two-wheeler major Hero MotoCorp is expected to report a 4.6 percent growth year-on-year in third quarter profit at Rs 808 crore and 12.5 percent growth in revenue at Rs 7,165 crore, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit is seen rising 6.5 percent year-on-year to Rs 1,150 crore, but margin may contract 100 basis points to 16 percent in Q3.

Analysts expect a mixed bag for the company this quarter. Revenues may be strong due to 16 percent YoY increase in volumes.

Volumes increased to 17.09 lakh units from 14.73 lakh units YoY.

Higher raw material cost may impact margins this quarter while realisations may fall 3.8 percent YoY but flat QoQ at Rs 41,545 per unit.
First Published on Feb 6, 2018 04:26 pm
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