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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 Q3FY23

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4 min read Last Updated : Jan 24 2023 | 1:24 PM IST

The two-wheeler major Bajaj Auto is likely to report up to 2 per cent year-on-year (YoY) drop in revenue growth to Rs 8,873 crore in the October-December quarter of this fiscal year (Q3FY23), due to weaker domestic and export volumes, pegged analysts. Meanwhile, they expect revenues to contract up to 13 per cent quarter-on-quarter (QoQ) from Rs 10,203 crore in Q2FY23. The company is scheduled to announce results on Wednesday, January 25.

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 Q3FY23 from 17.2 per cent in Q2FY23, on the back of rich product mix and correction in raw material prices. Profit-after-tax (PAT), however, is likely to decline 11 per cent QoQ to Rs 1,359 crore in Q3FY23.

On the bourses, shares of Bajaj Auto underperformed peers and surged 2.4 per cent in Q3FY23. Peers like Hero MotoCorp and TVS Motor, on the other hand, gained up t