Bajaj Auto Q1 net may jump 6% to Rs 759 cr: KR Choksey
KR Choksey expects Bajaj Auto to report a 1 percent degrowth quarter-on-quarter (growth of 6 percent year-on-year) in net profit at Rs 759 crore.
July 18, 2013 / 13:36 IST
KR Choksey has come out with its first quarter (April-June) earnings estimates for automobile sector. The brokerage house expects Bajaj Auto to report a 1 percent degrowth quarter-on-quarter (growth of 6 percent year-on-year) in net profit at Rs 759 crore.
Revenues are expected to decrease by 1 percent Q-o-Q (down 3 percent Y-o-Y) to Rs 4704 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to remain at Rs 833 crore, while on Y-o-Y basis seen degrowth of 4 percent.KR Choksey report on Bajaj AutoTop line degrowth of 3 percent Y-o-Y and degrowth of 1 percent Q-o-Q mainly driven by lower volumes down by 9 percent on Y-o-Y and flat Q-o-Q which was partially offset by higher realisation up by 8 percent on Y-o-Y basis. EBIDTA margins flat on sequential basis as well as on yearly basis. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
