Bajaj Auto Q1 PAT seen up 100% YoY to Rs 1,056 cr: Sharekhan

Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Automobiles sector. The brokerage house expects Bajaj Auto to report net profit at Rs 1,056 crore up 100% year-on-year (down 20.7% quarter-on-quarter).

Net Sales are expected to increase by 141.5 percent Y-o-Y (down 13.5 percent Q-o-Q) to Rs 7,436 crore, according to Sharekhan.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 323 percent Y-o-Y (down 123 percent Q-o-Q) to Rs 16.5 crore.

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