The Hero MotocorP report reports nominal Q1 PAT growth despite lower sales.
The company made a net profit of 1122.63 rupees in the last fiscal year.
Motilal OSWAL, a brokerage company, predicts that the company’s net profit will decrease by 7% in the first quarter. MOTILAL OSWAL also cited EV Mix and weak ice (internal combustion organs), with Hero Motocorp reporting a 60bps margin decrease in 13.8%.
The operating revenue during the review period was in the RS 9578.86 crore, which was 5.6% less than the RS 10143.73 crore in Q1FY25. Interest, tax, depreciation, depreciation and depreciation of the last quarter were standing in the RS 1382 crore. EBITDA margin was maintained flat at 14.4%.
The company sold 13.67 LAKH two -wheeled cars last quarter, down 10.9% over the 15.35 LAKH unit.
Vivek Anand, chief financial officer of Hero Motocorp, said: “Our profitability and margins have maintained elasticity due to the strong demand for our entry and deluxe motorcycles and 125cc score segments. The operation also reflects the strength of our brand, reflecting the advantages of the new product, we are confident that we will maintain and lead the coming quarter. ” The stock of Hero Motocorp was closed at 4,474.50 RS, down 1.49% from BSE. The benchmark index decreased 0.21% on Wednesday. The results were announced after market time.
