• About
  • Contact
Wednesday, July 9, 2025
No Result
View All Result
Londoner News
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
No Result
View All Result
Londoner News
No Result
View All Result
Home Markets

Hero MotoCorp shares gain ahead of Q2 results

by The Editor
October 16, 2018
in Markets
0
Hero MotoCorp shares gain ahead of Q2 results
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

NEW DELHI: Shares of Hero MotoCorp rose a per cent in Tuesdays trade ahead of its quarterly results.

Analysts expect the two-wheeler major Hero MotoCorp to report a marginal dip in its bottom line figures for the quarter ended September 30. Realisations, they say, may improve due to the companys timely price hikes and non-adoption of aggressive pricing strategies.

On Tuesday, the scrip rose 0.90 per cent to Rs 2,909.35 on BSE.

Hero MotoCorp may report 5.50 per cent year-on-year rise in sales volume to 21,34,047 in Q2FY19 over 20,22,805 units in the same period last year.

An assessment by BOBCAPS showed that the two-wheeler major may report 3.10 per cent YoY fall in net profit for the quarter ended September 2018, while net revenue may increase by 8.1 per cent on YoY basis.

“We expect realisations to improve by 2.5 per cent YoY on account of price hikes and non-adoption of aggressive pricing strategies. Operating margins could decline around 140 basis points YoY as we estimate around 190 bps shrinkage in gross margins,” BOBCAPS said in a report.

Brokerage firm IDBI Capital Markets expects 6.40 per cent year-on-year fall in net profit at Rs 946.30 crore for the quarter ended September 2018. Hero MotoCorp had posted a net profit of Rs 1,010.50 crore in the corresponding quarter last year. However, the brokerage firm also projected 8.9 per cent year-on-year rise in topline figures in Q2FY19.

Ebitda and EPS may dip by 4.2 per cent YoY and 6.4 per cent YoY.

“EBITDA margin to decline 210 bps yoy (30bps qoq) due to higher raw material cost, IDBI Capital Markets said.

Original Article

[contf] [contfnew]

ET Markets

[contfnewc] [contfnewc]

The Editor

Next Post
Edelweiss ARC, Oaktree to buy GTLs Rs 4,000 crore dues to lenders

Edelweiss ARC, Oaktree to buy GTLs Rs 4,000 crore dues to lenders

Recommended

A lot of pull and push between bulls and bears likely at 10,350 levels:  Hadrien Mendonca, IIFL

A lot of pull and push between bulls and bears likely at 10,350 levels: Hadrien Mendonca, IIFL

7 years ago
Global Efforts Needed to Free Detained Children

Global Efforts Needed to Free Detained Children

6 years ago

Popular News

    Connect with us

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    Category

    • America
    • Britain
    • Entertainment
    • Europe
    • Health
    • International
    • latest news
    • London
    • Markets
    • Science
    • Tech
    • Travel
    • Uncategorized
    • Women

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • About
    • Contact

    © 2020 londonernews

    No Result
    View All Result
    • Home
    • Science
    • Travel
    • Tech
    • Health

    © 2020 londonernews