Bajaj Auto Q4 Results Preview: Pulsar motorcycle maker to stage a strong performance; check out the key monitorables

Bajaj Auto Q4 FY24 Results Preview: Bajaj Auto is scheduled to report its financial results for the quarter as well as the year ended March 31, 2024, on Thursday, April 18. Analysts expect the two- and three-wheeler manufacturer, whose popular models include Pulsar, Discover and Dominar, to stage a strong performance on the back of strong sales volumes, on the back of a pickup in exports owing to strong global macros, and a slight improvement in margins. 

According to Zee Business research, Bajaj Auto is likely to register a standalone net profit of Rs 1,850 crore for the January-March period, which translates into a jump of 29 per cent on a year-on-year basis. The analysts estimate the auto major's fourth-quarter revenue at Rs 11,050 crore as against Rs 8,905 crore a year ago. 

Bajaj Auto is expected to clock a 27 per cent year-on-year jump in earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs 2,180 crore for the March quarter, according to the research. 

Zee Business analysts peg Bajaj Auto's margin for the fiscal fourth quarter of FY24 at 19.7 per cent, marking a 40-basis-point improvement from 19.3 per cent a year ago. They estimate the auto company's total volumes to increase 24.3 per cent to 10.7 lakh units in the three-month period, boosted by a 19 per cent recovery in exports. 

The companny's realisations are estimated to decline about one per cent to Rs 1.02 lakh, they add. 

Bajaj Auto Q4 Results: What to watch out for?

Analysts highlight three main things to look out for in the coming earnings report of Bajaj Auto:

• Export, domestic sales outlook for FY25
• Timeline of premium segment launches
• FY25 margin outlook

How Bajaj Auto fared in Q3 FY24

Bajaj Auto staged an all-round better-than-expected financial performance for the December quarter, with 37 per cent growth in standalone net profit to Rs 2,042 crore over a 30 per cent jump in revenue to Rs 12,114 crore.

Its margin improved by 100 bps to 20.1 per cent for the fiscal third quarter of FY24, according to a regulatory filing. 

Zee Business analysts had pegged Bajaj Auto's Q3 net profit at Rs 2,025 crore, revenue at Rs 12,050 crore and margin at 19.4 per cent. 

Its total sales volumes surged 22 per cent to 12 lakh units in the December quarter, according to the filing.

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