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Hero MotoCorp Q2 PAT may dip 3% YoY to Rs. 892 cr: ICICI Direct

Net Sales are expected to increase by 27 percent Y-o-Y (up 223 percent Q-o-Q) to Rs. 9,609 crore, according to ICICI Direct.

October 12, 2020 / 09:38 AM IST
 
 
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ICICI Direct has come out with its Second quarter (July-September 20) earnings estimates for the Auto and auto ancillary sector. The brokerage house expects Hero MotoCorp to report net profit at Rs. 892 crore down 3% year-on-year (up 1355% quarter-on-quarter).

Net Sales are expected to increase by 27 percent Y-o-Y (up 223 percent Q-o-Q) to Rs. 9,609 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 13 percent Y-o-Y (up 1052 percent Q-o-Q) to Rs. 1,246 crore.

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