Admin Reporter- POOJA1

Jan 21 2021


Bajaj Auto Q3 preview: Profit may rise over 10% on volume, ASP growth

Thursday, 21 January 2021

Bajaj Auto Q3 preview: Analysts expect Bajaj Auto to announce a decent set of numbers, on Thursday, for the December quarter of FY21 (Q3FY21), with net profit expected to grow around 10 per cent year-on-year (YoY), on the back of volume uptick. The company had reported revenue and profit of Rs 7,639.7 crore and Rs 1,262.6 crore, respectively in the year-ago quarter.

 

 

 

 

According to the monthly sales data, Bajaj Auto sold 13.06 lakh units in the December quarter, up 9.9 per cent YoY as compared to 12.02 lakh units sold in the year-ago quarter. In Q3FY21, the company sold 11.93 lakh two-wheelers, up 16 per cent YoY, and 1.12 lakh commercial vehicles, down 36 per cent YoY.


At the bourses, Bajaj Auto's stock up 15.36 per cent in the December quarter as compared to 22.46 per cent rally in the Nifty50 index in the same period, ACE Equity data shows.

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