Reliance Securities has come out with its second quarter (July-September' 19) earnings estimates for the Auto sector. The brokerage house expects Hero Motocorp to report net profit at Rs. 786.4 crore down 19.4% year-on-year.
Net Sales are expected to decrease by 18.1 percent Y-o-Y (down 7.3 percent Q-o-Q) to Rs. 7,443.1 crore, according to Reliance Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 25.5 percent Y-o-Y (down 11.3 percent Q-o-Q) to Rs. 1,026.6 crore.
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