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The two-wheeler maker's net profit surged 33 percent to Rs 750.3 crore versus poll that had forecast Rs 692.1 crore.
Revenue may see muted growth on lower sales volumes, rising 0.6 percent to Rs 7,081 crore from Rs 7,037 crore during the same period, according to average of estimates of analysts polled by CNBC-TV18. It may be supported by higher realisations that may rise 3.3 percent to Rs 42,167 per unit Y-o-Y.
Hero Motocorp is expected to report a 18.3 percent growth (year-on-year) in profit after tax at Rs 656 crore for the quarter ended March 2015 due to discontinuation of royalty payments to Honda, according to a CNBC-TV18 poll. The two-wheeler maker will announce its earnings on Thursday.
Hero Motocorp's third quarter profit is expected to increase 31 percent year-on-year to Rs 689 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Prakash Diwan is bullish on Escorts despite lower-than-expected Q2 earnings due to possibility of increase in sales from its constriction equipment segment which is a huge area of margin growth for the company.
Yogesh Munjal, MD, Munjal Showa Limited says margins should expand if demand is strong. He expects 11 percent revenue growth in FY15.
IIFL's auto research analyst Prayesh Jain has downgraded M&M's growth forecast post its poor Q2 numbers.
Surjit Arora of Prabhudas Lilladher expects the stock to see some knee-jerk reaction on opening and is also downgrading the earnings estimate by 2-3 percent.
Revenues are expected to decrease by 0.6 percent Q-o-Q (up 22.2 percent Y-o-Y) to Rs 6997.5 crore, according to ICICIdirect.
Sales are expected to decrease by 2 percent Q-o-Q (up 21 percent Y-o-Y) to Rs 6915 crore, according to KR Choksey and Securities.
Prayesh Jain, however, recommends accumulating Bajaj Auto at current market price.
Top two-wheeler maker Hero Motocorp is expected to report a 43 percent growth (year-on-year) in net profit at Rs 689 crore in the quarter ended September 2014 as the company does not need to pay any more lump sum royalty payment to Honda.
Surjit Arora, Research Analyst, Prabhudas Lilladher prefers investing in Hero MotoCorp over Bajaj Auto.
As the earnings season winds up and most of India‘s notable corporates have posted their quarterly results updates, net profits were slightly ahead of estimates, according to projections by brokerage firm Kotak, but there was “limited evidence of a meaningful upgrades to earningsâ€.
In an interview with CNBC-TV18‘s Sonia Shenoy, Nishant Vass, Auto Analyst, ICICI Direct, spoke about Hero MotoCorp‘s third-quarter earnings and his view on the stock going forward.
Hero Motocorp, the country's largest two-wheeler manufacturer, will announce its third quarter earnings today. Profit after tax is seen going up 27 percent to Rs 621 crore versus Rs 487.9 crore Y-o-Y.
Last year, festival time was a record time, and Anil Dua, senior VP, sales at Hero Motocorp expects the same to happen this year as well.
According to Prabhudas Lilladher, Hero Motocorp to report a 17.6 percent degrowth quarter-on-quarter (up 2.6 percent Y-o-Y) in net profit at Rs 451.8 crore.
According to Motilal Oswal, Hero Motocorp may report a 20.4 percent degrowth quarter-on-quarter (down 0.9 percent Y-o-Y) in net profit at Rs 436.7 crore.
According to KR Choksey, Hero Motocorp may report a 10 percent degrowth quarter-on-quarter (up 12 percent Y-o-Y) in net profit at Rs 492 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) may climb 13 percent Y-o-Y to Rs 813 crore and operating profit margin is likely to increase 40 basis points to 14.2 percent in the quarter gone by.
Two-wheeler major Hero MotoCorp‘s first quarter earnings are not very exciting for the stock trajectory and the counter may test Rs 1600-1650 levels again, noted Basudeb Banerjee, Research Analyst, Quant Broking.
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Hero MotoCorp to report operating profit of Rs 790 crore for the quarter.
Motilal Oswal expects Hero Motocorp to report a 2.3 percent degrowth quarter-on-quarter (degrowth of 8.9 percent year-on-year) in net profit at Rs 560.9 crore.
Prabhudas Lilladher expects Hero Motocorp to report a 5 percent degrowth quarter-on-quarter (degrowth of 11.4 percent year-on-year) in net profit at Rs 545.5 crore.