Edelweiss has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Hero Motocorp to report net profit at Rs. 1083.7 crore up 7.9% year-on-year (up 18.6% quarter-on-quarter).
Net Sales are expected to increase by 13 percent Y-o-Y (up 10.5 percent Q-o-Q) to Rs. 8812.1 crore, according to Edelweiss.
Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 12 percent Y-o-Y (up 18.3 percent Q-o-Q) to Rs. 1533.3 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.