Hero MotoCorp Q1FY23 misses estimate on all Parameters

Here is the review


All Number Below Estimate of ET Now poll. REV was recorded at 8392Cr vs Estimate of 8720Cr. EBITDA was reported at 941 Cr versus expectation of 1088Cr . Even the Margins were also Flat QoQ at 11.2% . The company reported a Profit of 624Cr versus estimate of 796Cr. Althought the numbers were disappointing but the management commentary is positive.The Management is expecting good festive sales this time as well as believe that the margin pressure is expected to come down for Industry ahead
Catch more highlights in this video

#HeroMotoCorp ##HeroMotoCorprevenue ##HeroMotoCorpgrowth