Hero MotoCorp Q3FY20 earnings: Here's what to expect
Hero MotoCorp is expected to have another weak quarter due to a lack of recovery in the rural markets, which account for about 60 percent the company's sales.
Hero MotoCorp will report its Q3FY20 results on Thursday.
Hero MotoCorp is expected to have another weak quarter due to a lack of recovery in the rural markets, which account for about 60 percent the company's sales.
The street is expecting the revenues to fall 12.5 percent and come in at Rs 6,896 crore. The volumes continue to be under pressure so the revenue decline is expected to be in double digits, led by volume decline.
The market share losses are also likely to continue. Currently, the automaker has its lowest market share in the last 15 years and the operating deleverage will hurt margins despite lower raw material cost.
Realisations are expected to be flat quarter-on-quarter at about Rs 44,827 a unit. The street is expecting the margins to fall to 13.3 percent against 14 percent earlier.
Over the past 4-5 quarters the company has maintained margins between 13.5 percent and 14 percent. Now Hero is likely to slip below that level because of the competitive pressures that the company is facing.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP spent more than ₹103 crore on Google Ads since May 2018, maximum expenditure on videos
Apr 27, 2024 11:39 AM
Lok Sabha Election Phase 2: Experts decode the key trends and issues in key battleground states
Apr 26, 2024 11:53 PM
2024 Lok Sabha Election | Which way the wind blows in the second phase
Apr 26, 2024 6:09 PM