Bajaj Auto Q4 results preview: Profit likely to decline 6.6% to Rs 1,373 crore

Bajaj Auto Q4 results preview: Bajaj Auto — India's largest two- and three-wheeler maker by sales whose popular models include Bajaj Pulsar, Bajaj Dominar and Bajaj Discover — is all set to report its corporate earnings for the quarter ended March 2023 on April 25. Bajaj Auto shares hit a 52-week high on Tuesday, ahead of the release of the company's quarterly numbers. 

According to Zee Business research, Bajaj Auto's quarterly standalone net profit is estimated at Rs 1,373 crore, which translates to a decline of 6.6 per cent compared with the corresponding period a year ago. The company had reported a net profit of Rs 1,469 crore for the quarter ended March 2022, owing to an exceptional profit of Rs 315 crore. 

The analysts peg the auto manufacturer's revenue at Rs 8,388 crore, marking an increase of 5.2 per cent on a year-on-year basis.  

The company is estimated to report Rs 1,561 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA), which would mean a rise of 14.3 per cent. 

Investors will closely track the Bajaj Auto management's commentary, especially on areas such as exports and the timeline of the rollout of new electric vehicles.    

According to Zee Business research, the auto maker is likely to report an improvement of 150 basis points in its margin — a key measure of profitability for businesses — to 18.6 per cent for the three-month period.  

Bajaj Auto shares: Historical performance

Bajaj Auto shares finished the March quarter with a gain of 7.4 per cent, sharply outperforming a 4.1 per cent decline in the Nifty headline index. As of April 24, the stock is up 19.9 per cent on a year-to-date basis. 

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