Two-wheeler maker Bajaj Auto will declare its second quarter (July-September) earnings on Tuesday. According to CNBC-TV18 poll estimates, analysts expect profit after tax to increase 4 percent to Rs 870 crore during the quarter compared to Rs 837.1 crore in the year-ago period.
Revenues are expected to jump 12 percent on yearly basis to Rs 5,790 crore from Rs 5,175 crore on higher volume growth.
Operating profit during the same period may increase by 1.7 percent to Rs 1,150 crore but margin may decline by 200 basis points to 19.8 percent in the quarter ended September 2014.
Sales volumes surged 9.4 percent in July-September quarter to 10.5 lakh units Y-o-Y due to strong exports and Discover 150 launch. Analysts believe superior product mix, currency benefits and operating leverage may aid margins during the quarter.
Domestic sales during the quarter declined 5 percent on yearly basis to 5.31 lakh units while exports grew by 29 percent to 5.19 lakh units.
Its 3-wheeler sales volumes rose 40 percent in September quarter and this segment's volume share in total volume has risen to 14.8 percent in Q2 from 11.6 percent in the year-ago period while export share has gone up to 49 percent in Q2 from 41 percent during the same period.
Thus, average selling price is expected to increase 5 percent sequentially due to better product mix and better forex realisations. Analysts expect dollar realisation of 60.5 a dollar in Q2 versus 59.9 in Q1FY15.
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