Most brokerages upgraded their price targets on the stock after the results. The upgraded average analyst price target on the stock stands at Rs 7,252.08, according to Bloomberg data, which is 4.6% lower than Thursdays closing price of Rs 7,590.
Bajaj Auto Q3 earnings: Phillip Capital sees profit after tax for Bajaj Auto surging 31 per cent YoY to Rs 1,954 crore on a 29 per cent rise in sales at Rs 12,013 crore. Ebitda margin is seen at 19 per cent.
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company s shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore.
Bajaj Auto reported 30 per cent YoY rise in standalone sales at Rs 12,114 crore compared with Rs 9,315 crore in the year-ago period. The revenue growth figure matched analyst estimates.