Hero MotoCorp shares in focus ahead of Q2 results later today
Shares of Hero MotoCorp will be in focus as the two-wheeler maker will announce its quarterly numbers for the July-September 2024 period later today.
The company is likely to report high single-digit growth in revenues in the second quarter, led by rise in volumes and higher average selling prices (ASPs).
Revenue from operations during the quarter is seen rising 9% year-on-year, according to an average estimate of four brokerages. Meanwhile, net profit may rise 10% year-on-year.
EBITDA margins are likely to improve by 57 bps YoY, mainly driven by richer product mix (higher sale volumes of premium motorcycles and exports), price hikes and cost control efforts.
Axis Securities sees revenue rising by 9% YoY led by 7% increase in volumes,…
