Bajaj Auto Q1 net may jump 6% to Rs 759 cr: KR Choksey

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 Auto Top 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.