Arihant Capital's research report on Hero Motocorp
Hero MotoCorp Ltd. reported a revenue of Rs7,865cr compared to Rs7,314 cr in the corresponding quarter of the previous year. During the quarter, company has registered sales of 17.98 lakh units, increase of 5% on YoY basis. EBITDA margin decreased to 14% which was impacted by commodity costs. EBITDA for the quarter was down by 5% at Rs1,105 cr YoY. PAT stood at Rs769 cr down by 5% on YoY basis.
Outlook
We assign a price target of Rs 3120 at 15x FY20 EPS, and have "HOLD" rating on the stock.
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Read More First Published on Feb 28, 2019 05:08 pm
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