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PINC Research has come with its quarterly earning estimates for automobiles sector.
It was a mixed quarter for automobile companies in July-September. Most companies saw strong revenue growth. However, depreciation in rupee and high input costs year-on-year hurt profits, especially for Mahindra & Mahindra and Tata Motors.
Bajaj Auto shares recovered on Friday, rising 1.4% at Rs 1,635.75 on NSE, after getting thumbs down by the street on Thursday following a mixed results announcement for July-September.
Bajaj Auto's net profit came in below street's expectations, but it was still a record breaking quarter for the auto major.
Country's second largest two-wheeler maker Bajaj Auto is expected to report a rise of 11% in profit after tax of Rs 757 crore for the quarter ended September 2011 as against Rs 682 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.
The street gave a thumbs up to Hero MotoCorp’s second quarter results as net profit accelerated better-than-expected 19.4% year-on-year to Rs 604 crore and sales rose a robust 28% to Rs 5,784 crore.
Emkay Global Financial Services has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Bajaj Auto September quarter net sales are expected to go up by 18.3% at Rs 5136.9 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on automobiles sector for the quarter ended September 2011. According to the research firm, Bajaj Auto September quarter net sales are expected to go up by 13% at Rs 4393 crore, year-on-year, (YoY) basis.
After a scorching 30% growth in 2010-11, auto sales have been battling headwinds in the form of costly loans, costly fuel and costly raw materials, this financial year. Two-wheelers, utility vehicles and commercial vehicles are selling well, but passenger car sales have hit a speedbreaker.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended September 2011. According to the research firm, Bajaj Auto September quarter net sales are expected to go up by 18.6% at Rs 4960 crore, year-on-year (YoY) basis.
Speaking to CNBC-TV18, a jubiliant Rajiv Bajaj said operational results for Bajaj Auto were in-line with street expectations and the second quarter will see a marked improvement in sales of its 180CC bike Pulsar
India's second largest two-wheeler maker Bajaj Auto is expected to report 23% rise in profit after tax of Rs 726 crore for the quarter ended June 2011 as against Rs 590 crore in a year ago period.
Auto sales in India have slowed in last few months as expensive loans, high fuel prices and price hikes by vehicle makers have deterred buyers from new purchases. But, earnings of two-wheeler makers like Bajaj Auto are expected to accelerate in the first quarter as the sector remains relatively insulated from high interest rates and fuel prices.
Prabhudas Lilladher has come out with its earning estimates on automobile sector for the quarter ended June 2011. According to the research firm, Bajaj Auto June quarter sales are expected to go up by 25.9% at Rs 4898.6crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended June 2011. According to the research firm, Bajaj Auto June quarter sales are expected to go up by 27.4% at Rs 4763 crore, year-on-year, (YoY) basis.
KRChoksey has come out with its earning estimates on automobiles sector for the quarter ended June 2011. According to the research firm, Bajaj Auto June quarter net revenues are expected to go up by 13% at Rs 4393 crore, year-on-year, (YoY) basis.
Rising fuel prices and costlier loans due to consistent monetary tightening by Reserve Bank of India has put the brakes on vehicle sales. That coupled with high cost of raw materials will put pressure on passenger vehicle and commercial vehicle makers’ revenues and profits in the April-June quarter.
Jigar Shah of Kimeng Sec India, in an interview with CNBC-TV18's Mitali Mukherjee and Sonia Shenoy, spoke about his reading of the market and provided his outlook on stocks of companies, which have posted their respective fourth quarter earnings results for the fiscal year.
Rajiv Bajaj, MD of Bajaj Auto, in an interview with CNBC-TV18’s Sonia Shenoy and Anuj Singhal, gave his perspective of the fourth quarter performance and their divulged future plans.
Bajaj Auto has announced its quarterly results for the fourth quarter of the financial year 2011. The company clocked revenues of Rs 4200 crore and net profit of Rs 1400 crore.
Bajaj Auto is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's revenues are seen up 24% at Rs 4229 crore versus Rs 3399 crore, year-on-year, YoY.
Prabhudas Lilladher has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Bajaj Auto March quarter net sales are expected to go up by 24.7% at Rs 4237.8 crore, year-on-year, (YoY) basis.
Motilal Oswal has come out with its earning estimates on automobiles sector for the quarter ended March 2011. According to the research firm, Bajaj Auto March quarter net sales are expected to go up by 30.2% at Rs 4425.4 crore, year-on-year, (YoY) basis.
Prabhat Awasthi of Nomura Financial Advisories & Securities Private, in an interview with CNBC-TV18’s Udayan and Mitali Mukherjee, spoke about his reading of the market and his outlook.
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended March 2011. According to the research firm, Bajaj Auto March quarter net sales are expected to go up by 24.8% at Rs 3951 crore, year-on-year, (YoY) basis.