- Bajaj Auto’s net income for the first quarter is 19.88 billion rupees, which is a 20% increase year-over-year (y/y) and aligns with the estimated 19.79 billion rupees.
- Revenue for the quarter reached 119.28 billion rupees, marking a 16% increase y/y and slightly exceeding the estimate of 118.12 billion rupees.
- Revenue from contracts with customers totaled 115.47 billion rupees, showing a 15% increase y/y. However, this is below the estimated 126.53 billion rupees.
- Other operating revenue surged to 3.81 billion rupees, which is a significant 46% increase y/y, surpassing the estimate of 3.05 billion rupees.
- Total costs amounted to 96.27 billion rupees, increasing by 14% y/y.
- Raw material costs were 75.17 billion rupees, up by 12% y/y.
- Finance cost stood at 206.7 million rupees, up 71% y/y, compared to the estimate of 102.2 million rupees.
- Other income declined to 3.21 billion rupees, representing an 8.3% decrease y/y.
- Total tax expense was 6.34 billion rupees, an increase of 17% y/y and slightly above the estimate of 6.29 billion rupees.
- Analyst recommendations include 21 buys, 11 holds, and 13 sells.
Bajaj Auto Ltd on Smartkarma
Analyst coverage of Bajaj Auto Ltd on Smartkarma is provided by Pranav Bhavsar. In their research report titled “Postcard from Agra | India’s 3W EV Adaptation On the Ground,” Bhavsar shares insights on the rapid electrification of three-wheelers in Agra. The report provides on-ground insights from tier 2 and tier 3 locations, showcasing the swift adoption of electric three-wheelers in the region. Bhavsar’s analysis highlights the significant progress in electrification, particularly in tier 2 and tier 3 cities like Agra, emphasizing the growing trend towards sustainable transportation solutions.
A look at Bajaj Auto Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Bajaj Auto Ltd, the company seems to be in a relatively strong position. With a solid Dividend score of 4 and a Resilience score of 4, Bajaj Auto Ltd is showing stability and consistency in its performance. This indicates that the company is able to weather economic uncertainties and provide returns to its shareholders through dividends. Additionally, the Growth score of 3 suggests that there is potential for the company to expand and increase its market share in the future. While the Value and Momentum scores are not as high, the overall outlook for Bajaj Auto Ltd appears optimistic.
Bajaj Auto Limited is a leading manufacturer and distributor of motorized two-wheeled and three-wheeled scooters, motorcycles, and mopeds. With a focus on producing quality vehicles, the company has established itself as a key player in the automotive industry. The combination of its strong Dividend and Resilience scores indicates that Bajaj Auto Ltd is well-positioned to provide consistent returns to investors while navigating through challenges. The Growth score further underscores the company’s potential for future expansion and development. Overall, Bajaj Auto Ltd‘s Smartkarma Smart Scores paint a positive picture of its long-term prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
