- Hero MotoCorp reported a net income of 12.03 billion rupees for the third quarter, marking a 12% increase from the previous year.
- The net income figure surpassed market estimates, which were pegged at 11.62 billion rupees.
- Revenue for the quarter was 102.11 billion rupees, reflecting a 5% rise year-over-year.
- However, the reported revenue was slightly below the estimated 102.35 billion rupees.
- Total costs for the quarter amounted to 89.37 billion rupees, an increase of 4.5% compared to the previous year.
- The company recorded other income of 3.18 billion rupees, a significant jump of 31% year-over-year.
- Current analyst ratings for Hero MotoCorp include 27 buys, 9 holds, and 6 sells.
A look at Hero Motocorp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Hero MotoCorp Ltd. is a company that designs, manufactures, and distributes motorcycles along with motorcycle parts and accessories. Based on Smartkarma Smart Scores, Hero Motocorp seems to have a positive long-term outlook. The company scores the highest in Dividend and Resilience indicating strong performance in providing dividends to shareholders and ability to withstand economic challenges. However, its Momentum score is lower, suggesting a slower pace in stock price movement. With average scores in Value and Growth, Hero Motocorp shows stability and moderate growth potential in the future.
In summary, Hero MotoCorp Ltd. holds a steady position with a strong focus on dividend payouts and resilience in the face of market uncertainties. While the company might not exhibit rapid momentum in terms of stock movement, its solid foundation in the motorcycle industry and consistent performance in dividends are key factors contributing to its overall positive outlook for the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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