Company: Bajaj Auto Ltd. Category: IPO Notes

Domestic Motorcycle recorded a growth of 38.1% YoY (-7.0% QoQ) and exports recorded a growth of 23.4% YoY (growth of 0.1% QoQ) in Q3FY19.
Feb. 1, 2019, 12:16 p.m.
Author : Way2wealth | Publisher:

During Q3FY19, Bajaj Auto Ltd (BAL) sales grew 16% YoY to Rs74.1bn (below our estimates of Rs75.1bn) EBITDA margins reduced by 397bps YoY to 15.6% (our estimates were 15.6%).
Jan. 31, 2019, 11:53 a.m.

Bajaj Auto (BAL) has delivered a subdued operating performance in 3QFY19 with its EBIDTA margin contracting by 373bps YoY and 121bps QoQ to a multi-year low of 15.6% (lowest in last 10 years).
Jan. 30, 2019, 11:33 a.m.

Mahindra & Mahindra: Tractor wholesales in line at 47.4k units. Domestic volume up 17% YoY, exports up 2% YoY.
Nov. 2, 2018, 11:04 a.m.

Bajaj Auto’s 2QFY19 earnings were in line with our expectations as it reported PAT of Rs11.5bn (+4% YoY) versus our estimate of Rs11.8bn.
Oct. 26, 2018, 12:05 p.m.

We maintain our BUY recommendation on the stock with a revised Target Price of Rs3015, valuing it at 16x FY20E EPS and adding Rs150/share for stake in KTM.
Oct. 26, 2018, 11:20 a.m.

Bajaj Auto’s (BJAUT) Q2FY19 operating performance missed estimates, with EBITDA margin at 16.8% (v/s PLe of 18%), down 290bps YoY / 50bps QoQ.
Oct. 25, 2018, 11:35 a.m.

BAL has reduced price of its entry level motorcycle CT 100 by ~Rs2000 (7% price cut) which contributes 14% of its overall volumes. BAL management has clearly highlighted that price cut in entry level segment is obvious strategy to increase its domestic motorcycle market share from 16% to 25% in the next 2-3 years.
July 25, 2018, 10:35 a.m.

Bajaj Auto’s (BAL) 1QFY19 earnings were below our estimate as lower-than-expected realisation and margins led to a 7% PAT-level miss. Realisation for the quarter at Rs60,485/unit fell 7% QoQ and was the biggest surprise as it was 5% below our estimate.
July 24, 2018, 10:54 a.m.

Bajaj Auto (BAL) has delivered a disappointing operating performance in 1QFY19 with its EBIDTA margin falling by 215bps QoQ (flat on YoY basis) to 17.3%. Aided by 38% YoY and 17% QoQ growth in volume to 1.2mn units, its revenue grew by 36% YoY (+10% QoQ) to Rs74.2bn vs. our estimate of Rs77.6bn
July 23, 2018, 10:38 a.m.