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HomeMarket NewsBajaj Auto Q4 Results: Higher volumes may aid revenue growth, margins seen steady
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.
Shares of Bajaj Auto Ltd. are in focus on Thursday, May 29, ahead of the automaker's fourth quarter earnings later in the day.
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.
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