Apart from the above, investors can also keep an eye on the earnings of Century Textiles, BMW Industries, Deccan Bearings, Dee Development Engineers, Himadri Speciality, IGC Industries, Jubilant Ingrevia, Crusil, Network18 Media among others.
Bajaj Auto Q1 expectations
Two-wheeler major Bajaj Auto is likely to report healthy growth in its core earnings for the first quarter ended June 2024, led by increase in volumes and average selling prices (ASPs).The company, which will announce its quarterly earnings on July 16, reported 7% year-on-year growth in volumes during the June quarter.
Net profit for the period is seen increasing 17% year-on-year, according to an average estimate of three brokerages, while net sales may jump 14% year-on-year.
Analysts expect EBITDA margins to expand anywhere between 90-100 bps year-on-year due to richer product mix and operating leverage benefits.
In the preceding March quarter, net profit increased 35% year-on-year to Rs 1,432 crore, while revenue for the same period were up 35% to Rs 11,484 crore.
Kotak Institutional Equities expects revenues to increase by 14% year-on-year led by, 7% year-on-year increase in volumes and 7% increase in ASPs driven by higher mix of premium 2W motorcycles, electric 2W and 3W segments.
“We price in EBITDA margin improvement by 10 bps on a quarter-on-quarter basis in 1QFY25 led by a richer product mix (higher mix of premium 2W), which will be partly offset by commodity headwinds and higher losses in EV segment due to reduction in FAME-II subsidy,” the brokerage said.
Meanwhile, Motilal Oswal said Bajaj Auto continues to enjoy the benefit of a rich mix in domestic motorcycles, while export markets are seeing a gradual recovery.
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