Analysts are expecting steady results, with higher volumes from the previous year and realisation supporting revenue growth, and margin holding above 20%.
A CNBC-TV18 poll has estimated a 3% rise in its fourth quarter profit to ₹2,002 crore from ₹1,936 crore in the previous fiscal.
Analysts expect Bajaj Auto’s revenue to rise 4% to ₹11,995 crore from ₹11,485 crore it reported in the fourth quarter of the previous fiscal.
Its earnings before interest, taxes, depreciation and amortisation (EBITDA) is pegged at ₹2,406 crore, up 4% from the previous year’s ₹2,306 crore.
Analysts have estimated its margin to remain the same at 20.1%. Its margin may expand marginally from the previous year on better product mix and depreciation of the rupee.
Bajaj Auto’s volumes increased by 4% from the previous year during the January-March quarter. However, they were down 10% on a sequential basis.
The volume increase from the previous year is led by double-digit growth in the company’s exports.
Analysts have also projected 1% increase in realisation from the previous year and 4% increase from the previous quarter.
Demand outlook in domestic and overseas market, production-linked incentives (PLI) benefits, Bajaj Auto’s progress on two-wheeler CNG and EV penetration and its market share in the high-end segment are other key things to watch out for.
Shares of Bajaj Auto ended 0.98% higher at ₹8,875 apiece on Wednesday, May 28. The stock has gained 9.86% in the past month.
Also Read: SEBI order traces 15-month delay in IndusInd Bank’s derivatives disclosure: Full Timeline of Events
Discover more from News Hub
Subscribe to get the latest posts sent to your email.
