Oct 31, 2017 07:45 PM IST | Source: CNBC-TV18
Hero Motocorp Q2 profit seen up 3%, sales volumes may push revenue 12% higher
Operating profit is expected to increase 6 percent year-on-year to Rs 1,444 crore but margin may contract by 100 basis points to 16.6 percent for quarter ended September 2017.
ByMoneycontrol News
Two-wheeler maker Hero Motocorp's second quarter (July-September) profit is seen rising 3 percent year-on-year to Rs 1,035 crore, driven by revenue growth.
Revenue during the quarter may increase 12 percent to Rs 8,717 crore compared with same quarter last fiscal, aided by sales volume growth of 11 percent.
According to average of estimates of analysts polled by CNBC-TV18, operating profit is expected to increase 6 percent year-on-year to Rs 1,444 crore but margin may contract by 100 basis points to 16.6 percent for quarter ended September 2017.
Margin may be impacted by higher commodity cost.
Key things to watch out for:--Signs of pick-up in rural demand, update on retail demand
-Guidance on exports plans and new launches along with timelines
Hero Motocorp share price has underperformed its peer Bajaj Auto in last few months. The stock was up 5 percent in 3 months while Bajaj Auto gained 17 percent.
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