Bajaj Auto Shares In Green Ahead Of Q1 Results: Here's What To Expect

Bajaj Auto is set to report its results for the June quarter on July 16. 

What Happened: the autombobile manufacturer is expected to have a strong June quarter, powered by volume growth and an increase in average selling price (ASP). 

According to an average of four brokerages, Bajaj Auto's standalone net profit is expected to come at ₹1932.5 crore, a 16.08% increase from the previous year, while its revenue is likely to come at ₹11,737.07 crore, a jump of 13.84%. The company’s EBITDA margin is expected to come in at 19.88%, an 88 basis-point increase.

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In the previous year, Bajaj Auto reported a standalone net profit of ₹1664.77 crore and a revenue of ₹10,309.77 crore. It reported an EBITDA margin of 19%

Kotak Institutional Equities expects revenue to go up 14% on the back of 7% volume growth in the first quarter and 7% increase in ASP, with higher product mix to premium two-wheeler motorcycles, electric two-wheelers and three-wheeler segments. 

Nuvama Institutional Equities also expects volume growth and better realisation to support revenue growth for the company and said the key thing to watch out for in the result is compressed natural gas (CNG) and e-mobility initiatives and demand outlook.  

Price Action: Shares of Bajaj Auto were up 0.42% to ₹9,713.95 on Tuesday morning ahead of the company's result announcement. 

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