Result date: 25th January, 2023
Target price: Rs3,975
Bajaj Auto witnessed 17% decline in sales volume over the year-ago quarter and 15% decline sequentially. However, the revenue performance is likely to be better due to price hikes. Analysts at IIFL Securities expect the company’s revenue to remain flattish over the year-ago quarter, and decline 12% sequentially.
EBITDA margin though could witness expansion amid lower commodity prices, price hikes, weaker Rupee (-3% sequentially) and higher mix of 3 Wheelers. Negative operating leverage will be a key margin headwind sequentially, believe analysts at IIFL Securities.
Important management insights to watch out for:
December 2022 estimates
|Revenue (Rs mn)|
|EBITDA (Rs mn)|
|Profit After Tax (Rs mn)|
Source: IIFL Research
The US Federal committee's meeting will conclude on March 16, 2022.
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