Hero MotoCorp Ltd - Quarterly Result Flash - Ventura

Key Takeaways

- Hero MotoCorp Ltd reported PAT of Rs. 615.5 crore in Q1 FY13 v/s market expectation of Rs.630 crore.

- Revenue has increased by 10% (Rs. 6247.3 crore) v/s market expectation of 12% YoY (Rs.6370 crore).

- EBIDTA is Rs. 936.9 crore v/s market expectation of Rs.950 crore

- PAT margins remained flat at 9.9%

- The company sold 16,42,292 units in the April-June period which is an increase of 7.4% YoY.

Outlook: Hero MotoCorp Ltd's results lower than market expectations.

Source : Equity Bulls

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