Bharti Airtel, BPCL, Hero Moto, JSW Steel and more: 7 Nifty50 stocks that are likely to post over 40% jump in Q3 profit
₹1,039 crore in Q3, up 46.2 percent from ₹711 crore in the same quarter last year, as per the brokerage. Volumes grew 18% YoY due to healthy recovery in the domestic market, while discounts during the festival season restricted realisations growth to 2% YoY, it added. MOSL also predicted that the margin would see a 20 bp QoQ contraction (+240 bps YoY) due to slightly higher raw material costs offset by lower other expenses.” title =”Hero Moto: The auto major is likely to post a net profit of ₹1,039 crore in Q3, up 46.2 percent from ₹711 crore in the same quarter last year, as per the brokerage. Volumes grew 18% YoY due to healthy recovery in the domestic market, while discounts during the festival season restricted realisations growth to 2% YoY, it added. MOSL also predicted that the margin would see a 20 bp QoQ contraction (+240 bps YoY) due to slightly higher raw material costs offset by lower other expenses.”>
