Can underperforming Hero Moto deliver strong returns post Q1?
The automaker said its consolidated profit after tax grew 71 per cent YoY at Rs 625 crore, missing ET Now poll estimate of Rs 796.60 crore. Revenue jumped 53 per cent YoY to Rs 8,393 crore. Ebitda margin at 11.2 per cent was flat sequentially and was below analyst expectations. Yet, the stock rose 2.47 per cent to Rs 2,829.05 in Tuesday's trade