Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Hero MotoCorp to report net profit at Rs 452 crore up 637.4% year-on-year (down 47.7% quarter-on-quarter).
Net Sales are expected to increase by 101.6 percent Y-o-Y (down 33.3 percent Q-o-Q) to Rs 5,795 crore, according to Sharekhan.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 744 percent Y-o-Y (down 274 percent Q-o-Q) to Rs 11.2 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
