Hero MotoCorp reports better-than-expected Q3 show: Should you buy, hold or sell its shares?

Shares of the two-wheeler large Hero MotoCorp are successful absorption successful Friday's league (February 7) aft the institution revealed its third-quarter net for the existent fiscal year post-market hours connected the erstwhile day. The automobile company, whose fashionable motorcycles see Splendor Plus, Passion Plus and Xtreme, reported a 12 percent emergence successful nett net astatine Rs 1,203 crore for the reappraisal quarter, frankincense beating estimates. It reported a nett net of Rs 1,073 crore successful the year-ago period.

Revenue from operations during the December 4th came successful astatine Rs 10,211 crore arsenic against Rs 9,724 crore, marking a 5 per cent growth over the corresponding 4th of the erstwhile fiscal.

Further, connected the operational front, the institution reported Rs 1,476 crore successful EBITDA during the reappraisal quarter, a maturation of 8 per cent year-on-year.

Hero MotoCorp Q3 income volume

Sales astatine the world's largest shaper of motorcycles and scooters remained much oregon little dependable during the December 4th with income of 14.64 lakh units of motorcycles and scooters successful Q3FY25 arsenic against 14.6 lakh units successful Q3FY24.

Vivek Anand, Chief Financial Officer (CFO), Hero MotoCorp, said, “The show successful this 4th and fiscal year, reflects the palmy execution of our strategical priorities. Demonstrating beardown year-to-date results successful some top-line and bottom-line growth, we person achieved the highest-ever nine-month gross and profits."

Should you buy, merchantability oregon clasp Hero MotoCorp shares station Q3FY25 show?

Citi has continued with its 'buy' telephone connected the banal with the people terms slashed to Rs 5,400 from the earlier Rs 6,300 per share. As per the brokerage, the company's Q3 show was up of estimates connected the backmost of dependable margins and a affirmative outlook for agrarian demand. Further, the brokerage pointed retired that the company's marketplace stock could proceed to look unit arsenic the competitory scenery remains challenging. Likewise, the brokerage has slashed its measurement forecasts by 4 per cent implicit FY25-27. 

Morgan Stanley, meanwhile, remains 'underweight' connected the banal with the people pegged astatine Rs 4,110 per share.