BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Bajaj Auto Ltd.'s Q3 FY22 profit after tax was below our estimates on account of lower than expected Ebitda margin and lower average realisation per unit.
Management expects domestic two-wheeler market to remain soft in Q4 FY22 while export market continues to show improvement.
Bajaj Auto is planning to roll out its electric vehicle product (Chetak) aggressively over the next 12 months. We have marginally revised our sales and profit after tax estimates upwards for FY24 by 0.9%/0.2% respectively.
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