Bajaj Auto Q2 PAT may fall 4% at Rs 711 cr: KR Choksey
According to KR Choksey, Bajaj Auto may report a 4 percent degrowth quarter-on-quarter (degrowth of 4 percent year-on-year) in net profit at Rs 711 crore.
October 15, 2013 / 09:56 IST
KR Choksey has come out with its second quarter (July-September) earnings estimates for the automobile sector. The brokerage house expects Bajaj Auto to report a 4 percent degrowth quarter-on-quarter (down 4 percent year-on-year) in net profit at Rs 711 crore.
Revenues are expected to decrease 6 percent Q-o-Q (down 7 percent Y-o-Y) to Rs 4,637 crore, according to KR Choksey.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall 5 percent Q-o-Q (down 6 percent Y-o-Y) to Rs 862 crore.KR Choksey's Report on Bajaj Auto:Top line degrowth mainly driven by lower volumes down by 12 percent PAT margins were up marginally due to increae in exports which is higher margin sales. on Y-O-Y and by 5.5 percent on Q-o-Q which was partially offset by higher realisation up by 7 percent on Y-o-Y basis.EBIDTA margins flat on sequential basis as well as on yearly basisPAT margins were up marginally due to increae in exports which is higher margin sales.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 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!