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Bajaj Auto: Muted Q2 earnings expected

Updated : October 22, 2020 06:22 AM IST

Bajaj Auto will be reporting its Q2 earnings today. The stock has underperformed the sector this year and the stock is down 5 percent in 2020.

The reason for this has been the export market which has been struggling quite a bit. Also, the Merchandise Exports from India Scheme (MEIS) incentive have been withdrawn which is expected to affect the numbers. Hence it is expected to be a muted quarter.

Revenues are expected to fall about 6 percent year-on-year (YoY). Volumes have bounced back quarter-on-quarter (QoQ) very sharply, but YoY the volumes will be down about 10 percent.

On EBITDA, a fall of 2 percent is expected and the profits are expected to fall by 13 percent.
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