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Country's largest two-wheeler maker Hero Motocorp has reported better-than-expected rise of 19.4% YoY in net profit of Rs 604 crore in the quarter ended September 2011.
The street gave a thumbs up to Hero MotoCorp’s second quarter results as net profit accelerated better-than-expected 19.4% year-on-year to Rs 604 crore and sales rose a robust 28% to Rs 5,784 crore.
Country's largest two-wheeler maker Hero Motocorp (erstwhile Hero Honda Motors) is likely to post a rise of 1.5% YoY in profit after tax of Rs 561 crore in the quarter ended September 2011. The company had posted profit of Rs 553 crore in the corresponding quarter of last fiscal.
Emkay Global Financial Services has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Hero MotoCorp September quarter net sales are expected to go up by 27.1% at Rs 5783.6 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Hero Motocorp September quarter net sales are expected to go up by 27% at Rs 5447 crore, year-on-year, (YoY) basis.
After a scorching 30% growth in 2010-11, auto sales have been battling headwinds in the form of costly loans, costly fuel and costly raw materials, this financial year. Two-wheelers, utility vehicles and commercial vehicles are selling well, but passenger car sales have hit a speedbreaker.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended September 2011. According to the research firm, Hero Motocorp September quarter net sales are expected to go up by 27.5% at Rs 5754 crore, year-on-year (YoY) basis.
India's largest two-wheeler manufacturer Hero Honda is expected to report 10.5% rise in its first quarter FY12 profit after tax to Rs 543 crore against Rs 491 crore in the year ago period.
Speaking to CNBC-TV18, a jubiliant Rajiv Bajaj said operational results for Bajaj Auto were in-line with street expectations and the second quarter will see a marked improvement in sales of its 180CC bike Pulsar
Prabhudas Lilladher has come out with its earning estimates on automobile sector for the quarter ended June 2011. According to the research firm, Hero Honda June quarter sales are expected to go up by 33.3% at Rs 5726.2crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended June 2011. According to the research firm, Hero Honda June quarter sales are expected to go up by 33.7% at Rs 5704 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on automobiles sector for the quarter ended June 2011. According to the research firm, Hero Honda June quarter net revenues are expected to go up by 27% at Rs 5447 crore, year-on-year, (YoY) basis.
Rising fuel prices and costlier loans due to consistent monetary tightening by Reserve Bank of India has put the brakes on vehicle sales. That coupled with high cost of raw materials will put pressure on passenger vehicle and commercial vehicle makers’ revenues and profits in the April-June quarter.
India's largest two-wheeler manufacturer Hero Honda is set to report disappointing earnings in fourth quarter FY11 on the back of decline in margins. According to CNBC-TV18 estimates, the company is likely to report profit after tax of Rs 519 crore, degrowth of 13.2% as compared to Rs 598.8 crore in fourth quarter FY10.
Prabhudas Lilladher has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Hero Honda March quarter net sales are expected to go up by 27.8% at Rs 5269.6 crore, year-on-year, (YoY) basis.
Motilal Oswal has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Hero Honda March quarter net sales are expected to go up by 28.5% at Rs 5257.1 crore, year-on-year, (YoY) basis.
Prabhat Awasthi of Nomura Financial Advisories & Securities Private, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about his reading of the market and his outlook.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended March 2011. According to the research firm, Hero Honda March quarter net sales are expected to go up by 29.2% at Rs 4927 crore, year-on-year, (YoY) basis.
Emkay Global Financial Services has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Hero Honda March quarter net sales are expected to go up by 24% at Rs 5111.9 crore, year-on-year, (YoY) basis.
PINC Research has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Hero Honda March quarter sales are expected to go up by 28.1% at Rs 5280.4 crore, Year-on- Year, (YoY) basis.
India's largest two-wheeler maker Hero Honda is set to report profit after tax of Rs 563 crore, up 5.2% as compared to Rs 535 crore in same quarter the previous year.
In an interview with CNBC-TV18, Mahantesh Sabarad, Fortune Equity Brokers, speaks about his earnings expectations from the auto sector and gives his picks.
This month all the companies will declare their results for the quarter ending December 31, 2010. Tarun Sisodia, Anand Rathi Financial Services expects about 17-18% growth in the Nifty companies on the top-line as well as on the bottom-line.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Hero Honda December quarter sales are expected to go up by 29.2% to Rs 4927 crore, Year-on-Year, (Y-o-Y) basis.
PINC Research has come out with its earning estimates on automobiles sector for the quarter ended December 2010. According to the research firm, Hero Honda December quarter sales are expected to go up by 33% to Rs 5089.6 crore, Year-on-Year, (Y-o-Y) basis.