BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Hero MotoCorp Ltd.’s Q4 FY21 results beat our estimates as Ebitda/adjusted profit after tax were better by 6-12%.
This was led by higher gross margins at 29.6% (our estimate 28.9%) and lower other expenses at Rs 8.7 billion (our estimate Rs 9.1 billio).
We believe headwinds such as weak demand sentiment and raw material would get mitigated by the company’s increased focus on cost control and price hikes.
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