Page 9 - Bajaj Auto

Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects

The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices

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Bajaj Auto Q4 results: Revenue up 12%; PAT dips 2% to Rs 1,433 crore

'Export demand sluggishness may have bottomed out'

Bajaj Auto Q4 results: Net profit drops 2.5% on sluggish exports

This helped total revenue from operations rise nearly 12% to Rs 8,905 crore

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Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts

Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23

Bajaj Auto rallies 12% in 8 trading days; stock nears record high

Analysts at Emkay Global Financial Services believe Bajaj Auto's Ebitda margin may expand 196 bps YoY in Q4FY23 due to price hikes, better mix and rupee depreciation

Bike maker Triumph transfers its India sales, marketing ops to Bajaj Auto

Bajaj Auto Ltd and British bike maker Triumph Motorcycles on Monday said they have completed transfer of the latter's India sales and marketing operations to the Indian firm. The two companies would also be launching a jointly developed mid-sized range of bikes later this year. The development is part of the strategic partnership between the two companies announced in 2020 under which they planned to collaborate to create a new range of mid-sized Triumph Motorcycles. The partnership offers Triumph an opportunity to further build their business as the portfolio expands, Bajaj Auto Executive Director Rakesh Sharma said in a statement. "We will also leverage our formidable distribution network to rapidly expand the exclusive Triumph stores in India in preparation for the soon-to-be-launched, exciting new motorcycles," he added. As part of the partnership, the current 15 Triumph Motorcycle dealerships will be managed by Bajaj Auto but will remain exclusive to the brand and continue to

Bajaj Auto reports fall of 2% in total sales in March to 291,567 units

Bajaj Auto Ltd on Wednesday reported 2 per cent decline in total sales at 2,91,567 units in March as against 2,97,188 in the same month last year. Total domestic sales grew 47 per cent at 1,86,522 units last month from 1,26,752 in March 2022, Bajaj Auto said in a statement. Exports stood at 1,05,045 units as compared to 1,70,436 units in the year-ago month, down 38 per cent. Overall two-wheeler sales were at 2,47,002 units as against 2,56,324 units in the same month a year ago, down 4 per cent, the company said. Commercial vehicles sales were up 9 per cent at 44,565 units last month, compared to 40,864 units in March 2022. Bajaj Auto said, in fiscal year 2022-23, its total sales declined 9 per cent to 39,27,857 units from 43,08,433 units in 2021-22.

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The apartment is part of a sea-view luxury triplex apartment located in South Mumbai's Malabar Hill

Bajaj Auto sales dip 11% in Feb to 280,226 units on account of export woes

Bajaj Auto on Wednesday said its total wholesales declined by 11 per cent year-on-year to 2,80,226 units in February. The Pune-based company had dispatched 3,16,020 units to its dealers in February 2022. In a regulatory filing, the company said its total domestic sales increased by 36 per cent to 1,53,291 units last month, as compared with 1,12,747 units in the year-ago period. Exports, however, declined 38 per cent last month at 1,26,935 units, as against 2,03,273 units in February 2022. Two-wheeler wholesales in the domestic market rose 25 per cent to 1,20,335 units, as compared to 96,523 units in the year-ago period. Two-wheeler exports, however, dipped 37 per cent to 1,15,021 units, from 1,82,814 units in February last year. Total two-wheeler dispatches in the domestic market declined by 16 per cent to 2,35,356 units last month, as compared to 2,79,337 units in the year-ago period. Total commercial vehicle wholesales rose 22 per cent to 44,870 units from 36,683 units in Feb

Bajaj Auto slips over 4% on concerns of weak export sales

Analysts believe that exports are likely to remain under pressure in \near term, owing to weak macros, adverse currency movements and dollar availability issues in Africa, South Asia and Latin America

Bajaj Auto total vehicle sales fall 21% to 285,995 units in January

Bajaj Auto Ltd total vehicle sales fell 21 per cent at 2,85,995 units in January. The company's vehicle sales stood at 3,63,443 units in the year-ago period. Total domestic sales rose 16 per cent to 1,73,270 units in the previous month as against 1,49,656 units in January 2022. Exports declined 47 per cent year-on-year at 1,12,725 units, according to a company statement. Bajaj Auto had shipped out a total of 2,13,787 vehicles to various overseas markets in January 2022. Total two-wheeler sales dropped 25 per cent at 2,41,107 units in January 2023 compared to 3,23,430 vehicles sold in the same month previous year, with domestic sales rose 4 per cent at 1,40,428 units and exports declining a whopping 46 per cent at 1,00,679 during the period under review over 2022, as per the statement.

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Weak exports remain an overhang in the near term for Bajaj Auto

Strong realisations helped the company beat estimates in Q3

Domestic demand drives Bajaj Auto's small profit growth; net up by 3%

On a standalone basis, the company's net profit was up 23 per cent to Rs 1,491 crore

Bajaj Auto Q3 net profit up 3% at Rs 1,473 cr on back of sales growth

Bajaj Auto on Wednesday said its consolidated net profit increased 3 per cent to Rs 1,473 crore in the third quarter ended December 31, 2022, aided by sales growth in the domestic market. The Pune-based company had reported a net profit of Rs 1,430 crore for October-December period a year ago. Total revenue from operations rose to Rs 9,319 crore in the quarter under review from Rs 9,022 crore in the year-ago period. The company said its total sales across domestic and export markets stood at 9,83,276 units in the third quarter as compared with 11,81,361 units in the same period last fiscal, a dip of 17 per cent. In the domestic market, the company reported sales of 5,44,188 units, up 4 per cent from 5,23,299 units in the year-ago period. Exports, however dropped 33 per cent to 4,39,088 units as against 6,58,062 units in October-December period of last fiscal. "On exports, macro-economic challenges continue to subdue industry volumes across overseas geographies. While the company

Sensex slumps 774 pts, Nifty ends below 17900; Auto, FMCG stocks outshine

Stock market LIVE: As per rollover data, the Nifty index has, so far, witnessed rollover in-line with the last three months' averages. However, slight declines in roll cost indicates a capped upside

Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts

Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23