On a sequential foundation, revenue after tax rose 5% from Rs 2,005 crore posted within the previous September quarter. Revenues, however, fell 2% quarter-on-quarter.
The income progress on a YoY foundation was pushed by sturdy exports and a buoyant home inexperienced vitality portfolio.
Working revenue, as measured by EBITDA, was up 6% YoY to Rs 2,581 crore. Margins expanded 10 foundation factors YoY to twenty.2% as favorable USD/INR realization and dynamic P&L administration basically on considered pricing and price efficiencies, offset the numerous investments being made behind strategic priorities.
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Total volumes elevated 2% YoY to Rs 12.24 lakh models within the reporting quarter as exports did a lot of the heavy lifting at the same time as home market disillusioned.
Do you have to purchase, promote, or maintain Bajaj Auto’s inventory? This is what analysts say:
Nuvama
Nuvama maintained a ‘Purchase’ score on Bajaj Auto with a goal value of Rs 10,700.
The corporate’s EBITDA is barely above estimates, pushed by higher pricing, scale, PLI incentives, and price financial savings. Administration has offered a constructive quantity outlook for the following 3–6 months. Export progress is predicted to exceed 20%, whereas home progress is projected at 6–8%.
The 2-wheeler phase is predicted to realize a quantity CAGR of seven% over FY25–27E. Moreover, income and EBITDA CAGR are estimated at 11% and 12%, respectively, over FY25–27E, with a mean RoE of round 35%.
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Axis Capital
Axis Capital maintained a ‘Promote’ score on Bajaj Auto with a revised goal value of Rs 7,550, down from Rs 8,000.
The Q3 EBITDA was largely in keeping with estimates. Exports are recovering, pushed by sturdy year-on-year progress in Latin America and sequential progress in Africa. Nonetheless, regardless of new launches, the corporate misplaced over 100 foundation factors of market share within the first 9 months of FY25, which is a priority. Attributable to decrease quantity assumptions, the agency has lower its FY25–27E EPS estimates by 7%.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of The Financial Occasions)
