Bajaj Auto Q3 preview: PAT may surge 33% YoY on strong volumes, price hikes

Tata Motors Q3 Result Preview: The consolidated net profit of the automaker is seen surging a whopping 55% year-on-year (YoY) to Rs 4,589 crore, according to the average of estimates given by five brokerage houses. Consolidated topline is seen rising 21% YoY to Rs 1.07 lakh crore, and operating profit may grow 50% to Rs 14,422 crore, the estimates showed.

Both revenue and profit were slightly below the estimates. ET Now Poll saw a profit figure around Rs 1,686 crore and revenue of Rs 10,472 crore.

In the June quarter, total vehicle sales declined 3% YoY, but grew 7% sequentially. Domestic sales were marginally down by 0.8% on a YoY basis while exports slumped 43%

The double-digit growth in volumes is expected mainly due to a healthy recovery in the domestic market, while discounts during the festival season restricted realisations growth to 2% YoY, analysts said.

Nestle India's net profit for the December quarter is seen rising 18% YoY to Rs 745 crore, according to the average of estimates given by eight brokerage firms. Revenue is seen rising 10.3% to Rs 4,697 crore and the operating profit by 15.3% to Rs 1,126 crore.

Consolidated net profit is likely to fall 5.5% year-on-year (YoY) to Rs 1,929 crore, according to the average of estimates given by four brokerages. However, the revenue is set to increase by nearly 22% YoY to Rs 6,156 crore on the back of strong growth in volumes.

Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore.

Bajaj Finance's Core AUM grew by 29% to approximately ₹ 247,350 crore as of 31 March 2023 as compared to ₹ 192,087 crore (AUM excluding short-term IPO financing receivable of ₹ 5,365 crore) as of 31 March 2022. AUM in Q4 FY23 grew by approximately ₹ 16,500 crore.

BPCL, according to estimates by brokerage Motilal Oswal (MOSL), could report a 201% surge in March quarter net profit to Rs 7,190 crore for the March quarter. Key monitorables will be the product prices of the company, with Brent coming down from 3QFY23 levels, said the brokerage.

Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), plunged 56% YoY to Rs 488 crore in Q4, and operating margin shrunk a whopping 1886 basis points to 24.99%.