Q1 findings as of right now: The Bajaj Auto share price is unchanged ahead of today’s Q1 results. On Tuesday, the much-awaited Q1 2024 numbers from the Indian car manufacturer will be revealed. The corporate board has scheduled a meeting for July 16, 2024, to discuss and approve the unaudited financial results for the first quarter of the 2024–2025 fiscal year.
Stock market analysts predict that Bajaj Auto will report strong Q1FY25 earnings since the company is predicted to see growth in its margins and EBITDA. The company’s business in the recently concluded quarter is probably going to be fueled by the new 2-wheeler CNG model Freedom 125.
A preview of Bajaj Auto results
Regarding Bajaj Auto’s Q1FY25 results, Parth Shah, Research Analyst at StoxBox, stated: “We anticipate Bajaj Auto to report strong Q1FY25 earnings as the business continues to reap the rewards of a more varied product mix in the home market while reviving in the global market. Because of an improved product mix and robust total volume increase of 7.3% YoY, we predict the company will raise its revenue by the mid-teens.”
Higher realizations, lower input costs, and operating leverage will all contribute to an increase in EBITDA margin. The StoxBox specialist continued, “Management’s input on these points would be vital with the anticipated increase in input costs and the launch of its new 2W CNG model, Freedom 125, into the market.”
Target share price for Bajaj Auto
Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi, discussed the prognosis for the price of Bajaj Auto shares. He stated, “More upside can be seen in the Bajaj Auto share price since the stock has experienced a positive reversal pattern in the short-term trend. Bajaj Auto’s share price can approach ₹9,950 per share in the near future. Around ₹9,500, the auto stock has formed a solid basis. Therefore, investors in Bajaj Auto can hold the scrip and keep a stop loss around ₹9,500 in order to reach the short-term goal of ₹9,950.”
The Anand Rathi expert offered the following advice to new investors: “Buy Bajaj Auto shares at the current price and stick to a buy-on-dips strategy till the stock rises above ₹9,500. Bajaj Auto’s share price has set a short-term goal of ₹9,950 per share.
Q4FY24 results for Bajaj Auto
Bajaj Auto reported a 29.41% year-over-year increase in revenue and a 17.99% year-over-year increase in profit in Q4FY24. But revenue fell 5.02 percent and earnings fell 1.04 percent from the prior quarter.
(Disclaimer: The opinions expressed here are not affiliated with Businessuncover; rather, they represent the opinions of certain analysts or broking firms. Before making any financial decisions, we suggest investors to consult with qualified specialists.)
