InvestorQ : How did you find the Hero Moto results for the Jun-21 quarter?
Katherine Gonsalves made post

How did you find the Hero Moto results for the Jun-21 quarter?

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rhea Babu answered.
4 months ago
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India’s largest manufacturer of motor cycles, Hero Moto, reported a massive 500% rise in net profits on a standalone basis at Rs.365 crore for the first quarter ended June 2021. However, the profits were sharply lower 58% sequentially due to the COVID 2.0 impact. Revenues from operations were also up 85% on yoy basis at Rs.5,487 crore but was lower sequentially due to the COVID 2.0 impact.

The core EBITDA margins for the quarter stood at 9.4%, which is slightly on the lower side compared to historical averages. Despite the resurgence of the pandemic in the form of COVID 2.0, Hero Motor still crossed the milestone of selling over 1 million two wheelers in the Jun-21 quarter. On the downside, the spike in commodity prices remains a risk for Hero Moto, as for most auto companies.

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