Hero MotoCorp Q1 PAT seen up 637.4% YoY to Rs 452 cr: Sharekhan

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.

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