BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Bajaj Auto Ltd. reported a stable performance in Q3 FY22. Net sales came in at Rs 8,806 crore. Blended average selling prices for the quarter were at Rs 74,537/unit, up 1.7% QoQ.
Total volumes for the quarter were at 11.8 lakh units, up 3.2% QoQ with exports share in volumes pegged at 56%.
Bajaj Auto's reported Ebitda in Q3 FY22 was at Rs 1,372 crore, with Ebitda margin coming in at 15.2% (down 80 basis points QoQ). The real surprise came in the form of savings realised under other expenses, which were at 6.3% of sales.
Consequent reported profit after tax was down 4.7% QoQ to Rs 1,214 crore.
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