Hero MotoCorp shares rally 5% after Q2 PAT, revenue see double-digit growth. Should you invest?
Hero Motocorp (HMCL) rallied 5% to their day’s high of Rs 4,835.90 on the BSE after the company reported 14% growth in its standalone net profit at Rs 1204 crore in the second quarter.
Revenue from operations in the reporting period rose 11% YoY to Rs 10463 crore.
The company reported an EBITDA of Rs 1516 crore in the reporting period, which was up about 14% YoY. Margins for the same period improved 40 bps to 14.5%.
The company also reported its highest-ever quarterly revenue from part, accessories, and merchandising at Rs 1456 crore.
Here is what analysts say about the stock post its Q2 results:
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