Hero MotoCorp Q1 preview: Profit may dip up to 94% YoY as sales take a hit

Jannie Delucca

Hero MotoCorp is scheduled to announce its June quarter final results for the first quarter of fiscal 2021 (Q1FY21) on Thursday. Analysts assume the firm’s Q1 net gain to tumble any where in the assortment of 72-ninety four for each cent on a calendar year-on-calendar year basis (YoY), led by huge decrease in overall volumes. Revenues are also observed declining around 60 for each cent YoY owing to the disruption in the firm’s functions prompted by coronavirus-led nationwide lockdown.

Through the quarter underneath evaluate, Hero MotoCorp marketed 5.63 lakh models, down sixty nine.four for each cent YoY from 18.four lakh models in Q1FY20. In the calendar year-in the past quarter, the corporation experienced marketed 13.34 lakh models. In Q1FY20, it experienced described income of Rs 8,030.3 crore and gain of Rs 741.one crore on a standalone basis.

At the bourses, Hero MotoCorp’s inventory obtained 34.7 for each cent in the

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HDFC Bank Q4 preview: Net profit may jump 30% YoY; biz growth guidance eyed

Jannie Delucca

Personal loan provider HDFC Lender is most likely to continue being unfazed by the coronavirus (Covid-19)-led slowdown, at minimum in the March quarter of FY20 (Q4FY20), as analysts see the bank clocking a in close proximity to thirty for every cent 12 months-on-12 months (YoY) jump in the web profit at Rs seven,616 crore.

The Mumbai-based loan provider is scheduled to report its March quarter quantities on Saturday, April 18.

Nirmal Bang Institutional Equities pegs the lender’s profit at Rs seven,616.2 crore, a 29.4 for every cent advancement from Rs five,885.1 crore noted in the March quarter of the preceding fiscal (Q4FY19). Sequentially, the PAT is witnessed expanding 3 for every cent from Rs seven,416.five crore.

Likewise, analysts at ICICI Securities count on the bank’s profit to rise 28.six for every cent YoY to Rs seven,568.2 crore on the back of sturdy traction in deposits, and healthier payment-based earnings.


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