InvestorQ : How do you see the Hero Moto results for the March quarter? Can I accumulate the stock at the current price?
Sam Eswaran made post

How do you see the Hero Moto results for the March quarter? Can I accumulate the stock at the current price?

Answer
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swati Bakhda answered.
3 months ago


For the Mar-20 quarter, Hero Moto reported a 26% fall in net profits at Rs.614 crore. With weak business conditions, the total revenues for the quarter were also almost 20% lower at Rs.6334 crore on the back of weak sales numbers. In numerical terms, Hero Moto sold 1.32 million two-wheeler units during the March quarter and 6.39 million for the full year. For the full year, total revenues were lower by 15% at Rs.29,255 crore but better cost control ensured that full year profits were marginally higher at Rs.3641 crore. Hero Moto is now betting in a big way on a return to normalcy along with a sharp pick-up in rural demand due to good Kharif crop this monsoon season. Two wheelers are normally highly sensitive to a spike in agricultural production and tend to react positively. You can accumulate the stock but ideally take a view of around 2 years to realize the full benefit of the rural push.