Bajaj Auto Q2 PAT seen up 9.1% to Rs 1067.1 cr: Centrum

Net Sales are expected to increase by 6.9 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 6141.9 crore, according to Centrum.
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Oct 17, 2016, 06.18 PM | Source: Moneycontrol.com

Bajaj Auto Q2 PAT seen up 9.1% to Rs 1067.1 cr: Centrum

Net Sales are expected to increase by 6.9 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 6141.9 crore, according to Centrum.

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Bajaj Auto Q2 PAT seen up 9.1% to Rs 1067.1 cr: Centrum

Net Sales are expected to increase by 6.9 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 6141.9 crore, according to Centrum.

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Centrum Broking (more)

, Centrum Broking |

Centrum has come out with its second quarter (July-September) earnings estimates for the Automobiles sector. The brokerage house expects Bajaj Auto  to report net profit at Rs 1067.1 crore, up 9.1 percent quarter-on-quarter.

Net Sales are expected to increase by 6.9 percent Q-o-Q (up 0.7 percent Y-o-Y) to Rs 6141.9 crore, according to Centrum.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.8 percent Q-o-Q (down 2 percent Y-o-Y) to Rs 1291.1 crore.

Centrum's report on Bajaj Auto

During the quarter overall volumes stood at 1,031,945 units registering a YoY drop of 2% and QoQ growth of 4%. We expect revenues of Rs61.4bn up 7% QoQ (flat YoY). Net realizations are set to improve on a YoY basis on account of favourable product mix and premiumization. 

We expect PAT of Rs 10.7bn, +14% YoY / +9% QoQ. We continue to maintain Buy rating on the stock, with a TP of Rs3,000 (17.5x FY18E EPS).

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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Bajaj Auto Q2 PAT seen up 9.1% to Rs 1067.1 cr: Centrum

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