HERO MOTOCORP Announces Quarterly Results (3QFY20); Net Profit Up 14.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

HERO MOTOCORP Announces Quarterly Results (3QFY20); Net Profit Up 14.5%
Tue, 11 Feb

HERO MOTOCORP has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

HERO MOTOCORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m78,64875,70769,967-7.6%-11.0%
Other incomeRs m1,8762,0781,822-12.3%-2.9%
TurnoverRs m80,52577,78571,789-7.7%-10.8%
ExpensesRs m67,60164,69659,578-7.9%-11.9%
Gross profitRs m11,04810,41010,390-0.2%-6.0%
DepreciationRs m1,5182,0342,0370.1%34.2%
InterestRs m227759-22.8%174.1%
Profit before taxRs m11,38410,37710,115-2.5%-11.1%
TaxRs m3,6931,6291,311-19.5%-64.5%
Profit after taxRs m7,6918,7488,8040.6%14.5%
Gross profit margin%14.013.814.8
Effective tax rate%32.415.713.0
Net profit margin%9.611.212.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 11.0% on a year-on-year (YoY) basis. The expenses were down by 11.9% YoY during the same period.
  • The company's operating profit declined by 6.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 3QFY20 as against 14.0% in 3QFY19.
  • Depreciation charges increased by 34.2% and finance costs increased by 174.1% YoY, respectively.
  • Other income declined by 2.9% YoY during the quarter.
  • Net profit for the quarter increased by 14.5% YoY. Net profit margins during the quarter increased from 9.6% in 3QFY19 to 12.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.9% QoQ during the same period.
  • The company's operating profit declined by 0.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.8% in 3QFY20 as against 13.8% in 2QFY19.
  • Net profit for the quarter increased by 0.6% QoQ, while net profit margins increased from 11.2% in 2QFY19 to 12.3% in 3QFY20.

To see how HERO MOTOCORP has performed over the last eight quarters,please visit here.

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

HERO MOTOCORP Share Price Performance

Over the last one year,HERO MOTOCORP share price has moved down from Rs 2,883.1 to Rs 2,435.5, registering a Loss of Rs 447.6 or around 15.5%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 17,861.2 (up 1.2%). Over the last one year it has moved down from 18,706.4 to 17,861.2, a gain of 845 points (down 4.5%).

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 2,435.5, the price to earnings (P/E) ratio of HERO MOTOCORP stands at 13.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.

Equitymaster requests your view! Post a comment on "HERO MOTOCORP Announces Quarterly Results (3QFY20); Net Profit Up 14.5%". Click here!

  

Related Views on News

HERO MOTOCORP Announces Quarterly Results (3QFY21); Net Profit Up 23.2% (Quarterly Result Update)

Feb 10, 2021 | Updated on Feb 10, 2021

For the quarter ended December 2020, HERO MOTOCORP has posted a net profit of Rs 11 bn (up 23.2% YoY). Sales on the other hand came in at Rs 98 bn (up 39.7% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.

HERO MOTOCORP Announces Quarterly Results (1QFY21); Net Profit Down 95.1% (Quarterly Result Update)

Sep 10, 2020 | Updated on Sep 10, 2020

For the quarter ended June 2020, HERO MOTOCORP has posted a net profit of Rs 613 m (down 95.1% YoY). Sales on the other hand came in at Rs 30 bn (down 63.0% YoY). Read on for a complete analysis of HERO MOTOCORP's quarterly results.

HERO MOTOCORP 2019-20 Annual Report Analysis (Annual Result Update)

Aug 6, 2020 | Updated on Aug 6, 2020

Here's an analysis of the annual report of HERO MOTOCORP for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of HERO MOTOCORP. Also includes updates on the valuation of HERO MOTOCORP.

HERO MOTOCORP 2018-19 Annual Report Analysis (Annual Result Update)

Jul 8, 2019 | Updated on Jul 8, 2019

Here's an analysis of the annual report of HERO MOTOCORP for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of HERO MOTOCORP. Also includes updates on the valuation of HERO MOTOCORP.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story(Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Top 3 Nifty ETFs to Buy Now(Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

HERO MOTOCORP SHARE PRICE


Apr 20, 2021 (Close)

TRACK HERO MOTOCORP

  • Track your investment in HERO MOTOCORP with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

HERO MOTOCORP - DONGFENG MOTOR COMPARISON

COMPARE HERO MOTOCORP WITH

MARKET STATS