May 20, 2022

ONB-AUTO

Nuts about Car

Revenues seen at Rs79,723 million, PAT at Rs10,897 million


Result date: 27th April, 2022
Advice: Insert
Concentrate on selling price: Rs4,000
 
Bajaj Auto is likely to article a subdued general performance in the March 2022 quarter. The company’s revenue volumes declined 17% in contrast to the yr-ago quarter and 17.3% on a sequential basis. On the other hand, selling price hikes will curtail slide in income to 7.3% around the 12 months-in the past quarter and 11.6% on a sequential foundation. Organization undertook price hikes in January 2022 to move on pressures from increasing enter fees (particularly aluminium).

Drop in EBITDA as properly as PAT is probably to be considerably larger, especially on a year-on-yr basis. Essential margin tailwinds contain price hikes, favorable forex and richer profits blend. On the flipside, soaring enter expenditures and adverse working leverage could keep on to pull margins downward.
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Significant administration insights to view out for:
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Rs Million
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March 2022 estimates
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YoY transform
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QoQ improve
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Revenue
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79,723
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(7.3)%
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(11.6)%
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EBITDA
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12,180
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(20.1)%
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(11.2)%
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Revenue Just after Tax
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10,897
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(18.2)%
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(10.3)%

Source: IIFL Research



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