Hero Motocorp Q2 PAT may dip 28.3% YoY to Rs 683.6 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Hero Motocorp to report net profit at Rs 683.6 crore down 28.3% year-on-year (up 87.1% quarter-on-quarter).

Net Sales are expected to decrease by 14.9 percent Y-o-Y (up 45.3 percent Q-o-Q) to Rs 7,974.8 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 27.4 percent Y-o-Y (up 81.5 percent Q-o-Q) to Rs 934.5 crore.

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