Investors may forgive Hero MotoCorp's Q4 miss

Analysts had muted expectation for March quarter, given the overhang of change in emission norms

Hamsini Karthik  |  Mumbai 

The end of the March quarter was extremely painful for two-wheeler and commercial vehicle manufacturers.   In an unexpected blow, companies were pushed to clear the inventory of BS-III vehicles. The mad rush at dealerships is still fresh in memory, which is why analysts toned down their expectations from Hero MotoCorp.   However, March quarter (Q4) results of Hero MotoCorp failed to meet even the benign expectations. Revenues at Rs 6,915 crore and net profit at Rs 718 crore missed Bloomberg estimates of Rs 7,010 crore and Rs 741 crore, respectively. This is the second ...

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Investors may forgive Hero MotoCorp's Q4 miss

Analysts had muted expectation for March quarter, given the overhang of change in emission norms

Analysts had muted expectation for March quarter, given the overhang of change in emission norms The end of the March quarter was extremely painful for two-wheeler and commercial vehicle manufacturers.   In an unexpected blow, companies were pushed to clear the inventory of BS-III vehicles. The mad rush at dealerships is still fresh in memory, which is why analysts toned down their expectations from Hero MotoCorp.   However, March quarter (Q4) results of Hero MotoCorp failed to meet even the benign expectations. Revenues at Rs 6,915 crore and net profit at Rs 718 crore missed Bloomberg estimates of Rs 7,010 crore and Rs 741 crore, respectively. This is the second ... image
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