Comments
A decline in sales volume could drag down Bajaj Auto’s fourth-quarter revenue by as much as 11 per cent on a sequential basis, according to analysts.
Brokerage, Sharekhan, expects margins to contract by 72 bps. However, revenue is expected to rise on a YoY basis, led by increase in selling price.
Also read: Bajaj Auto sees demand doubling for Chetak electric scooter
“EBITDA and EBITDA margins are expected to fall QoQ on lower operating leverage and almost flat RM cost assumption. YoY increase will be led by higher sales volumes, lower YoY RM impact, and better product mix (higher share) of 3W and higher CC vehicles). PAT to largely follow the EBITDA growth,” Axis Securities said.
In Q3 FY23, Bajaj Auto posted a higher-than-expected third-quarter profit of ₹1,491.42 crore up by 22.8 per cent YoY. However, revenue from operations was up merely 3 per cent YoY to ₹9,315.14 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.