Hero Moto Q1 Preview: Muted Quarter Expected
  • WebDesk BTVI
  • Jul 30 2019

In view of the auto slowdown, markets expect a muted quarter from Hero Moto with revenue seen down 7% at Rs 8,185 crore vs Rs 8,809 crore (YoY). The company’s EBITDA is seen down 16.7% at Rs 1,146 crore vs Rs 1,377 crore while EBITDA margin seen at 14% vs 15.6%. Net Profit is expected to go down 14% at Rs 778 crore vs Rs 909 crore. The company saw a downtick in terms of overall volume, which went down 12% (YoY) at 18.4 lakh units.