ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Hero MotoCorp to report net profit at Rs. 550 crore down 36.4% year-on-year (down 19.9% quarter-on-quarter).
Net Sales are expected to decrease by 15.7 percent Y-o-Y (down 7.1 percent Q-o-Q) to Rs. 7,326 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 32.3 percent Y-o-Y (down 14.7 percent Q-o-Q) to Rs. 819 crore.
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