ICICIdirect.com has come out with its third quarter (October-December) earnings estimates for the automobile sector. The brokerage house expects Bajaj Auto to report a 6.2 percent growth quarter-on-quarter (up 8.6 percent Y-o-Y) in net profit at Rs 889.4 crore.
Sales of Bajaj Auto are expected to increase by 1.7 percent Q-o-Q (down 2.8 percent Y-o-Y) to Rs 5,263.8 crore, according to ICICIdirect.com.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 1.2 percent Q-o-Q (up 13.2 percent Y-o-Y) to Rs 1,145.7 crore.
ICICIdirect.com's Report on Bajaj Auto:
BAL has witnessed a lackluster quarter in terms of volumes due to both domestic slowdown and port strike in mumbai. Two wheeler volumes were 886,909 units up 4.4 percent Q-o-Q while 3-W segment volumes at 106,124 units witnessed 5.3 percent decline Q-o-Q. However, higher export mix could support margins even as domestic mix worsened. EBITDA margins are expected remain close to life high just 10 bps lower Q-o-Q to 21.8 percent. Topline, PAT are expected at Rs 5,418 crore, Rs 889 crore, respectively.
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