27 August, 2014 16:20 IST
News
Bajaj Auto Q3 numbers likely to be subdued; brokers estimates mixed
Source: IRIS (16-JAN-13)
Comments  |  Post Comment

Bajaj Auto, one of the leading 2 and 3 wheeler makers, will be announcing its third quarter financial results on Wednesdau, Jan. 16, 2013. We have collated views of analysts at various broking houses on how they see earnings this time around. The same are as follows:

Angel Broking expects expect the company's revenues to register a healthy growth of 8% yoy (9% qoq) to Rs 54.05 billion owing to 5% yoy (8% qoq) growth in volumes and 4% (2% qoq) yoy growth in net average realization. It expects the net average realization to benefit from better product-mix and favorable foreign exchange rate on the exports front. On the operating front, EBITDA margin is expected to improve 30 bp sequentially (down 100bp yoy) to 18.7%, benefitting from better product-mix and export realization. As a result, the bottom-line is expected to grow by 9% yoy

Motilal Oswal expects PAT decline of 7.7% YoY (up 3.9% QoQ) would be higher than the EBITDA decline because of higher tax rate following the partial expiry of tax incentives at the Pantnagar plant. It expects Bajaj Auto's 3QFY13 volumes to grow 3% YoY (6% QoQ), buoyed by the delayed festive season and recent launches. EBITDA margin to shrink 150bp YoY (and 20bp QoQ) to 18.2%, with the reduction in export incentives more than offsetting the benefit of mix improvement.

Bank of America Merrill Lynch expects net profit to fall 3.8% y-o-y (11% sequential drop) to Rs 8.28 billion. It expects a growth of 5.9% y-o-y in net sales (7.8% sequential rise) to Rs 53.60 billion.     

Kotak Securities expects net profit to up 6.4% y-o-y (14.5% sequential rise) to Rs 8.45 billion. It expects a growth of 9.5% y-o-y in revenues (9.8% sequential rise) to Rs 54.57 billion.

IDFC Securities expect net profit to fall 0.8% y-o-y to Rs 8.28 billion. It expects a growth of 7.3% y-o-y in net sales to Rs 54.30 billion.

ICICIdirect expect net profit to slip 3.2% y-o-y (3.9% sequential rise) to Rs 7.69 billion. It expects a growth of 6.4% y-o-y in revenues (8.3% sequential rise) to Rs 53.87 billion.

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



Bajaj Auto Limited   (Q,N,C,F)*


News
DLF plunges after SC upholds Rs 6.3 bn CCI fine - 27-Aug-2014 15:41
SC upholds Rs 6.30 bn CCI fine on DLF - 27-Aug-2014 15:02
RCom plans to reduce debt by Rs 150 bn: Report - 27-Aug-2014 14:08
MRPL commissions PFCC unit under phase-III project - 27-Aug-2014 14:05
DHFL names Vijaya Sampath as additional director - 27-Aug-2014 13:55
Eros International and R Balki team up once again for Shamitabh - 27-Aug-2014 13:17
IL&FS Transportation SPV ties up Rs 23.63 bn loan for NH1 project - 27-Aug-2014 12:56
FII limit in Info Edge increases to 50% - 27-Aug-2014 12:55
FMC gives nod to buy 15% in MCX by Kotak Mahindra Bank - 27-Aug-2014 12:46
ONGC gains on hopes of reforms on subsidy, gas prices - 27-Aug-2014 12:37
ICICIdirect upgrades Page Industries to 'Buy' - 27-Aug-2014 12:36
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   w59v8q into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer