Arihant Capital has come out with its first quarter (April-June’ 21) earnings estimates for the Auto sector. The brokerage house expects Hero MotoCorp to report net profit at Rs. 494.3 crore up 706% year-on-year (down 20% quarter-on-quarter).
Net Sales are expected to increase by 95 percent Y-o-Y (down 33 percent Q-o-Q) to Rs. 5,794.5 crore, according to Arihant Capital.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 528 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 679.3 crore.
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