Hero Motocorp Q4 PAT seen up 34.2% YoY to Rs 963.1 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (Jan-March’ 18) earnings estimates for the Auto & Auto Ancillary sector. The brokerage house expects Hero Motocorp to report net profit at Rs. 963.1 crore up 34.2% year-on-year (up 19.6% quarter-on-quarter).

Net Sales are expected to increase by 25 percent Y-o-Y (up 18.3 percent Q-o-Q) to Rs. 8,641.2 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 43.7 percent Y-o-Y (up 18.8 percent Q-o-Q) to Rs. 1,376.1 crore.

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