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Bajaj Auto Q3 FY21: riding well on 2W demand recovery; long-term positive outlook

Preference for personal mobility, festive season and recovery in export market led to a significant recovery in demand for two-wheelers. That's clearly visible in Bajaj Auto numbers

January 22, 2021 / 08:05 PM IST
Bajaj Auto Q3 FY21: riding well on 2W demand recovery; long-term positive outlook

Bajaj Auto | The company's earning per share for FY18: Rs 145.80, FY19: Rs 170.29, and FY20: Rs 180.11. The stock price has rallied 44 percent to Rs 2911.45 in FY21 so far.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Riding well on the recovery in two-wheeler demand in domestic market and export markets, Bajaj Auto (CMP: Rs 3,727, Mcap: Rs 1,08,000 crore) has posted a very strong set of numbers for the third quarter of the current financial year. Sales volume recovered significantly due to pent up demand, festive season and preference for personal mobility. Topline witnessed double-digit growth and operating margin also expanded. We continue to remain upbeat on the business as the company plans to roll out...

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