Prabhudas Lilladher has come out with its July-September quarter earnings estimates for the automobile sector. The brokerage house expects Bajaj Auto to report a 14.7 percent growth quarter-on-quarter (growth of 5.7 percent year-on-year) in net profit at Rs 926.3 crore.
Sales are expected to increase by 8.7 percent Q-o-Q (up 10.6 percent Y-o-Y) to Rs 5758.7 crore, according to Prabhudas Lilladher.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 19.3 percent Q-o-Q (up 2.9 percent Y-o-Y) to Rs 1238.6 crore.
EBITDA margin or operating profit margin is likely to be at 21.5 percent in July-September quarter as against 19.6 percent in last quarter and 23.1 percent in a year ago period.
Prabhudas Lilladher of Bajaj Auto:
BJA reported 5.9 percent Y-o-Y growth in two-wheeler sales for the quarter, with domestic volumes declining by 8.6 percent. Three-wheeler sales grew by more than 40 percent Y-o-Y in exports market, thereby, accounting for 14.8 percent of volumes as against 11.5 percent in Q2FY14. On the back of exports accounting for 49.2 percent of overall volumes (41.8 percent in Q2FY14), margins are likely to be stable at 21.5 percent.
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