Bajaj Auto Q4 Results Review - Rich Valuation Outbids Strong Performance: Prabhudas Lilladher

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Bajaj Auto Ltd.’s Q4 FY24 revenue came in at Rs 114.8 billion, which is 3.5%/2.2% higher versus our/Bloomberg estimate Ebitda grew by 34.4% surpassing our/Bloomberg estimate by 5.2%/4.1% respectively while margin (20.1%) expanded by 80 basis points versus our/Bloomberg estimate 48 basis points/37 bps. Management foresees recovery in exports markets, however, emerging markets like Nigeria and Bangladesh continue to be subdued due to currency devaluation and inflationary pressure. The rise in EV volume suppressed margins, however, it has been able to mitigate some of it through cost cutting initiatives. Going forward, the management expects the domestic two-wheeler market to grow by 7-8% in FY25 with faster growth anticipated in the premium range of motorcycles..Click on the attachment to read the full report:.Bajaj Auto Q4 Results Review - Margins Expansion To Continue: Yes Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bajaj Auto Q4 Results Review - Rich Valuation Outbids Strong Performance: Prabhudas Lilladher

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