Bajaj Auto Q1 result preview: PAT likely to rise 38% QoQ; revenue may grow 30%

Bajaj Auto Q1 result preview: As per Zee Business research, the automotive company is likely to post a profit after tax (PAT) of Rs 1,620 crore against Rs 1,173 crore registered in the previous quarter, up 38.1 per cent.

Bajaj Auto Q1 result preview: Bajaj Auto reported a standalone net profit of Rs 1,432.9 crore for the January–March 2023 period, image- PTI

Bajaj Auto, the multinational automotive manufacturing company, is all set to announce its June quarter numbers (Q1FY24) on Tuesday, July 25. At the time of writing this report, shares of the company traded over half a per cent higher at Rs 4,889.75 apiece on the BSE.

Bajaj Auto Q1 preview

As per Zee Business research, the automotive company is likely to post a profit after tax (PAT) of Rs 1,620 crore against Rs 1,173 crore registered in the previous quarter, up 38.1 per cent. The company's revenue for the quarter ending June 30 is expected at Rs 10,450 crore, a 30.5 per cent increase as compared to Rs 8,005 crore in the 2023 March quarter.

The earnings before interest, taxes, depreciation, and amortisation, or EBITDA, are expected to come in at Rs 1,920 crore, compared to Rs 1,297 crore seen in the previous quarter, up 48 per cent. The company's margin, a key measure of profitability for a business, may rise by 220 basis points (bps) to 18.4 per cent QoQ against 16.2 per cent in Q4FY23, which is expected to expand on lower input costs and improved operating performance.

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The research desk further sees volume growth of 10 per cent to 10.27 lakh units in Q1 FY24. The realisations are estimated to increase by 19.6 per cent to 1.02 lakh per unit.

According to research, domestic two-wheeler demand shows a recovery, but two-wheeler exports are yet to recover. Further, electric two-wheeler sales may be impacted due to a reduction in subsidies in June.

Investors should keep an eye on updates related to Triumph Speed 400 bookings, the impact of the electric two-wheeler subsidy cut, and the timeline of new launches.

Bajaj Auto Q4 results

Bajaj Auto reported a standalone net profit of Rs 1,432.9 crore for the January–March 2023 period, marking a decline of 2.5 per cent compared with the corresponding period a year ago.

Revenue of India's largest two- and three-wheeler maker by sales—whose popular models include Bajaj Pulsar, Bajaj Dominar, and Bajaj Discover—stood at Rs 8,904.7 crore for the three-month period, as against Rs 7,974.8 crore seen in the March 2022 quarter, according to a regulatory filing.