हिरो मोटार ला काय अडचणी आल्या ?

The end of the March quarter was extremely painful for two-wheeler and commercial vehicle manufacturers.

In an unexpected blow, companies were pushed to clear the inventory of BS-III vehicles. The mad rush at dealerships is still fresh in memory, which is why analysts toned down their expectations from Hero MotoCorp.

However, March quarter (Q4) results of Hero MotoCorp failed to meet even the benign expectations. Revenues at Rs 6,915 crore and net profit at Rs 718 crore missed Bloomberg estimates of Rs 7,010 crore and Rs 741 crore, respectively. This is the second consecutive quarter of revenue decline (down eight per cent year-on-year), and the fall in net profit (down 14 per cent year-on-year) was steeper than Q3, when the numbers took a beating due to demonetisation.

via Investors may forgive Hero MotoCorp’s Q4 miss | Business Standard Financial X-Ray