5441.5000 12.00 (0.22%)
NSE Sep 23, 2025 10:02 AM
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Hero MotoCorp Ltd.
26 Jul 2018
5441.50
0.22%
IDBI Capital
Hero MotoCorp (HMCL) Q1FY19 PAT was below our and consensus estimates mainly on account of higher tax outgo led by expiry of Haridwar tax benefit. EBITDA margin stood at 15.6% below our and consensus estimates of 16.0% and 15.9% due to higher RM cost. Earnings below estimates: Revenue grew 10.4% YoY to Rs88bn, after adjusting accrued Haridwar GST accounting the underlying revenue growth of 14.9%. Other operating income declined 35% QoQ to Rs1.79bn. Revenue performance were majorly driven by volume performance as volumes grew +14% YoY/+5% QoQ to 2.1mn units. Net realizations were down -2.8%YoY due to GST factor and -2.2%QoQ due to lower other...
Hero MotoCorp Ltd. has gained 49.94% in the last 6 Months
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