NIFTY 50

Bajaj Auto Q2 earnings in-line with expectations, say market watchers

Updated : October 22, 2020 02:49 PM IST

Bajaj Auto reported a largely in-line set of Q2 earnings. Reversal of export incentives impacted margins but management commentary was positive.

Reacting to the numbers, Bharat Gianani of Sharekhan said that numbers are in-line with street expectations. “Overall if you see, there is no surprise at all. It is pretty much in-line with what the street was expecting at least at the operating level,” he said.

However, Gianani added that uncertainty on the MEIS scheme will start impacting margins from Q3.

Market expert, Prakash Diwan said, “I don’t think there is any disappointment except for the one off duty write back that they have. Other than that, I would believe this is very much in-line with what was expected.”
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you