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Bajaj Auto’s Q3 FY21 PAT (+24/37% YoY/QoQ) beat was driven by strong profitability (EBITDA margin came in at 19.4%, +150/170bps YoY/QoQ). HDFC Securities have recently upgraded Bajaj Auto to a BUY on the back of a firming recovery. Bajaj Auto’s management expects double-digit growth in FY22 in the domestic 2W market while export demand will remain healthy, driven by low-system inventories. Further, the local 3W volumes are expected to improve from hereon.
(1) Bajaj Auto’s exports are firm across frontier markets as crude prices and other commodities are firming up (2) Bajaj Auto’s 3W sales are expected to revive, particularly after the vaccine rollout ....
Two-wheeler major Bajaj Auto, on Thursday, reported consolidated net profit of Rs 1,716.26 crore for the October-December quarter of FY21 (Q3FY21), up 29.7 per cent, from a profit of Rs 1,322.4 crore in the year-ago period, primarily on the back of 9 per cent year-on-year (YoY) volume growth. Sequentially, the profit surged 43.74 per cent from Rs 1,193.97 crore posted in the September quarter of FY21. The company s revenue grew 16.62 per cent YoY to Rs 8,909.88 crore, as against Rs 7,639.66 crore in Q3FY20. Analysts at HDFC Securities had pegged revenue and profit for the quarter at Rs 7,246.7 crore and Rs 1,209.5 crore, respectively. Standalone numbers On a standalone basis, the net profit came in at Rs 1,556.3 crore, up 23.4 per cent on a YoY basis while revenue grew to Rs 8,910 crore. Both the figures were the company s highest-ever in a single quarter. ....
Bajaj Auto Q3 preview: Analysts expect Bajaj Auto to announce a decent set of numbers, on Thursday, for the December quarter of FY21 (Q3FY21), with net profit expected to grow around 10 per cent year-on-year (YoY), on the back of volume uptick. The company had reported revenue and profit of Rs 7,639.7 crore and Rs 1,262.6 crore, respectively in the year-ago quarter. According to the monthly sales data, Bajaj Auto sold 13.06 lakh units in the December quarter, up 9.9 per cent YoY as compared to 12.02 lakh units sold in the year-ago quarter. In Q3FY21, the company sold 11.93 lakh two-wheelers, up 16 per cent YoY, and 1.12 lakh commercial vehicles, down 36 per cent YoY. ....
Bajaj Auto Q3 profit soars 23% to record high; margins hit 2-year high SECTIONS Share Synopsis The company reported a strong operating performance for the three-month period ended December 31 as its earnings before interest, tax, depreciation and amortisation rose 25 per cent to Rs. 1,764 crore. Agencies INSIGHTS NSE Explore Now MUMBAI: Bajaj Auto reported a stellar set of earnings for the December quarter on Thursday, as its net profit surged 23 per cent year-on-year to a record high of Rs. 1,556.3 crore, and its revenues rose 17 per cent to Rs 8,910 crore. The company was expected to report a net profit of Rs. 1,412 crore and revenues of Rs. 8,963 crore, according to an ETMarkets.com poll. ....
Bajaj Auto Q3 Peview: Profit May Grow Over 16%; Volume, ASP MAY Boost Revenue Growth moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.