INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyNEW DELHI: Hero MotoCorp advanced nearly 1 per cent on Wednesday ahead of its March quarterly
results slated later for the day
Brokerages expect a strong year-on-year growth for the quarter because of a weak base
In the fourth quarter of FY17, the two-wheeler maker's net profit was impacted by one-time discounts related to liquidation of BS-III
stock.
The stock rose 0.9 per cent to hit a high of Rs 3,769 on the BSE.
IIFL expects 28.3 per cent yoy growth in net profit at Rs 921.20
crore for the March quarter compared with Rs 717.80 crore in the year-ago period
22.5 per cent.
It sees margin to drop 20 bps on a sequential basis as higher operating leverage would be more than negated by raw material
cost pressure.
Motilal Oswal Securities projects the automaker to report 23 per cent annual jump in volumes at 20 lakh units, led by healthy
Realisation is seen to be flat yoy and qoq at Rs 42,834 per unit.
The brokerage expects the two-wheeler maker to report 24 per cent yearly
rise in net sales at Rs 8,570 crore
It sees PAT growth at 37.4 per cent yoy at Rs 990 crore.
