Apart from the above, Aditya Forge, Aditya Birla Money, Crisil, Hi-tech Winding, Mphasis, Rajnish Wellness, Sai Industries, South Indian Bank, Tips Music, Vivid Mercantile and a few others will also announce their numbers for the second quarter ended September 2024.
Bajaj Auto Q2 expectations
Two-wheeler major Bajaj Auto is expected to report a 24-29% year-on-year growth in its September quarter revenue led by a robust uptick in volumes and increase in the average selling price (ASP) of the vehicle, according to estimates of four brokerages.The revenue in the reporting quarter is expected in a range of Rs 13,336-13,545 crore. The YoY net profit (adjusted) growth is likely to be at 22-24%, estimates revealed, putting the profit after tax in the range of Rs 2,246 crore and Rs 2,275 crore.The revenue estimates are highest for Kotak Equities while lowest for Axis. As for PAT, Yes Securities remains most bullish while Kotak and Axis, most conservative.
Kotak Equities estimates the company’s revenue to grow by 29% on a YoY basis and 13% on QoQ basis to Rs 13,545 crore. The adjusted net profit could grow by 22% YoY and 13% QoQ to Rs 2,246 crore.
Sales volumes in the reporting quarter could go up by 16.2% YoY and 11.1% QoQ to 12,21,504 units.
The growth in PAT and revenue will be led by volumes which are likely to go up by 16% YoY in 2QFY25, Kotak said in a preview note.
The two-wheeler manufacturer also saw a 12% increase in average selling price (ASPs) of the vehicles driven by higher mix of premium 2W motorcycles (domestic and export markets), electric 2W and 3W segments as well as accrual of PLI benefits.
Meanwhile Nuvama pegs Bajaj Auto’s revenue at Rs 13,488 crore which could go up by 25% on a YoY basis and 13% on a QoQ basis. The adjusted PAT could go up by 23% YoY and 14% QoQ to Rs 2,266 crore.
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