Buy Bajaj Auto, target of Rs 4151: Sharekhan
Sharekhan is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 4151 in its research report dated January 25, 2023.27-01-2023
27-01-2023
Bajaj Auto shares climb over 7% post Q3 results. What should investors do?
Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs 1,777 crore and margins expanded by a whopping 386 basis points to 19.07%.27-01-2023
BAJAJ AUTO LTD. - 532977 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
The audio recording of the conference call has been hosted on the website of the Company.26-01-2023
Bajaj Auto Results Earnings Call for Q3FY23
Conference Call with Bajaj Auto Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.25-01-2023
Q3FY23 Quarterly Result Announced for Bajaj Auto Ltd.
Bajaj Auto announced Q3FY23 results: Q3FY23: Revenue from Operations at Rs 9,315 crore, was up 3% YoY, with robust double-digit revenue growth in the domestic business offsetting the drop in exports arising from the challenging market context. Overall spares revenue came in at an all-time high. At Rs 1,777 crore, EBITDA was the highest ever, surpassing the record set in the previous quarter. The strong growth of 29% YoY, underpinned by margin expansion of +390 bps YoY to 19.1% was led by judicious pricing, better dollar realisation and richer product mix. The domestic business saw sustained double digit revenue growth across both two wheelers (2W) and three wheelers (3W). The 2W performance was buoyed particularly by solid 125 cc+ festive season sales while 3W volumes surged, leading to its record high market share. On its overseas business, the quarter marked the launch of motorcycles in Brazil with the well-recognized Dominar brand. The company through its wholly owned subsidiary, is establishing its capabilities and go-to-market network to leverage the attractive market opportunity. Having completed the share buyback in the quarter with a total payout of ~Rs 3,100 crore (including tax), the Balance Sheet continues to be healthy with surplus cash of Rs 14,894 crores on December 31, 2022, providing the capacity for growth investments. Result PDF25-01-2023
BAJAJ AUTO LTD. - 532977 - Board Meeting Outcome for Unaudited Financial Results For The Quarter And Nine Months Ended 31 December 2022
In terms of the provisions of Regulations 30 (read with Part A of Schedule III) and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, we enclose the following statements for the quarter and nine months ended 31 December 2022, which were approved and taken on record by the board of directors at its meeting held today i.e. on 25 January 2023: a) Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31 December 2022; b) Limited Review Reports (separately for Standalone & Consolidated) for the quarter and nine months ended 31 December 2022; and c) Press Release25-01-2023
BAJAJ AUTO LTD. - 532977 - Unaudited Financial Results For The Quarter And Nine Months Ended 31 December 2022
In terms of the provisions of Regulations 30 (read with Part A of Schedule III) and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, we enclose the following statements for the quarter and nine months ended 31 December 2022, which were approved and taken on record by the board of directors at its meeting held today i.e. on 25 January 2023: a) Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended 31 December 2022; b) Limited Review Reports (separately for Standalone & Consolidated) for the quarter and nine months ended 31 December 2022; and c) Press Release.25-01-2023
Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts
Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY2324-01-2023
KTM chief says scope of electric vehicle mobility highly overrated
The head of Swiss sports bike maker KTM, which claims to be the world's No 1 premium motorbike brand and also sells tens of hundreds of e-bikes in Europe, is not confident of the capability of electric vehicles beyond a point and feels that optimism on this front is "highly overrated". KTM, which is primarily into high-end racing bikes, has a 50.1:49.9 manufacturing JV with Bajaj Auto. It will also be selling the electric model of the resurrected iconic Chetak scooters from the Bajaj stable in Europe from the first quarter of 2024. "The whole scope and capability of the concept of electric vehicle mobility is highly overrated. It's the result of mixing the laws of physics incorrectly and also by mis-reading the laws of energy," Stefan Pierer, the chief executive of Pierer Mobility that owns the KTM brand, told a select group of journalists at a media roundtable here. "I know it isn't easy to tell and convince the politicians about the sheer impracticality of attempting to make...22-01-2023
Bajaj Auto's electric Chetak to roll out in Europe by early 2024
Company's Chakan plant has just produced its 1 millionth KTM bike20-01-2023