Hero MotoCorp Q4 preview: Analysts see up to 60% YoY rise in Ebitda

Nomura has one of the most conservative estimates with standalone net profit seen at Rs 794 crore, up around 28 per cent YoY

HeroMoto Corp, slated to report its March quarter results (Q4FY21) on May 6, is expected to post nearly 60 per cent year-on-year growth in earnings before interest, tax, depreciation, and amortization (Ebitda) aided by healthy sales volume and low base effect. However, price hikes taken due to BS-VI transition and to off-set increase in input costs may not be enough to cushion Ebitda margin hit, say analysts.

At the bourses, though, stock of the two-wheeler maker has underperformed the benchmark Nifty50 and the Nifty Auto index, ACE Equity data show. During three months to March, Hero Moto’s stock declined 6.3 per