The Pulsar motorcycle, one of Bajaj Auto’s bestselling vehicle, parked outside a company showroom in Mumbai, India (Photographer: Adeel Halim/Bloomberg)

Q1 Results: Bajaj Auto Profit Misses Estimates

Bajaj Auto Ltd.’s profit rose less than expected in the three months ended June.

Net profit of the maker of Pulsar motorcycle increased 20.7 percent year-on-year to Rs 1,115.2 crore in the first quarter, according to its exchange filing. That’s lower than Rs 1,250 crore estimated by analysts Bloomberg tracks.

Revenue rose 26.7 percent on a yearly basis to Rs 7,419.3 crore, also missing the consensus forecast of Rs 7,791 crore. Net sales grew 36.3 percent to Rs 7,419.3 crore.

Q1 Results: Bajaj Auto Profit Misses Estimates

On the operational front, Bajaj Auto’s earnings before interest, tax, depreciation and amortisation rose 36.5 percent over a year ago to Rs 1,281.4 crore, while its margin remained flat at 17.3 percent.

Shares of Bajaj Auto fell as much as 5.5 percent, the most in over five months, to Rs 3,020 apiece after its earnings. The stock gained 2.4 percent in April-June after posting its biggest quarterly decline in a decade in the previous three months. That compares with a 7.45 percent gain in the benchmark Sensex during the period.