Hero MotoCorp Q4 results preview: Analysts see over 30% decline in profit

Hero MotoCorp sold 13.34 lakh units during the quarter under review, down 25 per cent on YoY basis

Hero MotoCorp is set to announce its March quarter results for 2019-20 (Q4FY20) on Tuesday and analysts expect the country's largest two-wheeler maker to report over 20 per cent fall in top-line, led by 25 per cent YoY decline in total volumes. The company had reported revenue of Rs 7,885 crore and net profit of Rs 730.3 crore in Q4FY19.

According to monthly sales data provided by the company, Hero MotoCorp sold 13.34 lakh units during the quarter under review, down 25 per cent from 17.81 lakh units in the year-ago quarter.

April was a wipeout month for many automobile firms in