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.
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).
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