Bajaj Auto percentage rate introduced a percentage withinside the morning consultation on July 23, records after the agency pronounced a standalone internet earnings of Rs 1,061.18 crore for the June area FY22, up from Rs 528.04 crore withinside the year-in the past period. The vehiclemobile maker’s sales extra than doubled to Rs 7,386 crore in Q1FY22 towards Rs three,079.2 crore in Q1FY21.

EBITDA for the area got here at Rs 1,153 crore, even as the EBITDA margin stood at 15.6 percentage. In the equal area remaining year, EBITDA turned into Rs 441 crore and the EBITDA margin turned into 14.three percentage. Tax price got here at Rs 321.five crore towards Rs 156.three crore YoY.

“Q1FY22 has been a difficult area; the recuperation over the last 3 quarters were given undone with the second one wave of COVID-19, which once more caused regulations and complete or partial lockdowns. This led to weaker home demand, which turned into partly offset with robust exports throughout all main geographies,” the agency stated in a BSE filing.

The inventory turned into buying and selling at Rs three,872.70, up Rs 20.10, or 0.fifty two percentage. It touched an intraday excessive of Rs three,924.eighty and an intraday low of Rs three,854.60.

Volumes at some point of the area stood at 10,06,014 devices. Nearly three,42,000 bikes have been bought withinside the home marketplace at some point of the June area.

Bajaj Auto’s home motorbike marketplace percentage progressed to round 19.7 percentage in Q1FY22 towards 17 .three percentage in Q4FY21.

As many as 14,000 industrial cars have been bought withinside the home marketplace. The agency stated it bought over 6,48,000 devices in numerous worldwide markets at some point of the area notwithstanding demanding situations withinside the availability of containers. By region, Africa, SAME and LA TAM endured to document robust sales.

Here is what worldwide brokerages have to mention approximately the inventory and the agency after Q1 profits:

Nomura | Rating: Buy | Target: Rs 4,668

The first area turned into barely underneath expectancies however export outlook is healthy. The agency’s consciousness is on top rate portfolio with margin catalysts in place.

Morgan Stanley | Rating: Overweight | Target : Rs 4,550

The profits have been in-line. The agency additionally shaped an EV/hybrid focussed subsidiary. A weaker blend turned into offset with the aid of using rate will increase at some point of the area.

Citi | Rating: Sell | Target: Rs three,000

The commodity value pressures have been glaring in Q1. Better pricing and decrease SG&A charges in part mitigated the effect on margin. “Concerned approximately motorbike product blend and home three-wheeler demand. Reduce profits estimates with the aid of using 1-2 percentage over FY22-24,” it stated.

Macquarie | Rating: Neutral | Target: Rs 4,053

The margin turned into impacted with the aid of using decrease volumes and enter value inflation. Near-time period headwinds persist. Exports momentum and sluggish home recuperation will help profits.