Bajaj Auto Q4 earnings preview: Low single-digit revenue growth expected – ET Auto

Total volume is estimated at 11,03,000 units, a likely 3.2per cent YoY increase but a 10per cent QoQ drop. MOFSL provided insights into the volume dynamics.

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Bajaj Auto is set to announce its earnings on Thursday, with brokerages anticipating a low single-digit revenue increase of 2-3.5per cent for the quarter ending March 31, 2025, ETMarket reports. Translating to a topline between ₹11,705 crore and ₹11,891 crore; net profit is estimated to range from ₹1,915 crore to ₹1,993 crore, with most expecting growth up to 3per cent , while one projects a 1.1per cent decline; investors are advised to monitor margins, volume outlook, and export performance. Estimates come from Motilal Oswal Financial Services (MOFSL), Axis Securities, Yes Securities, and Equirus Securities.Revenue estimates vary, with Equirus providing the most conservative figures and MOFSL offering the most bullish projections. Axis Securities anticipates a decline in Profit After Tax (PAT), while Yes Securities forecasts marginal growth, and Equirus projects the highest net profit among its peers. Volume growth is expected to be in the low single digits.

Expected performance

Motilal Oswal anticipates Bajaj Auto to report a PAT of ₹1,985 crore, marking a 2.5per cent year-over-year (YoY) increase but a 6per cent quarter-over-quarter (QoQ) decline. Sales may reach ₹11,891 crore, representing a 3.5per cent YoY increase but a 7per cent QoQ decrease.Total volume is estimated at 11,03,000 units, a likely 3.2per cent YoY increase but a 10per cent QoQ drop. MOFSL provided insights into the volume dynamics.Axis Securities projects a PAT of around ₹1,915 crore, reflecting a 1.1per cent YoY decline and a 9.2per cent QoQ decrease. Revenue may reach ₹11,793 crore, up 3per cent YoY but down 8per cent QoQ.

Yes Securities forecasts a net profit of ₹1,938 crore for Q4FY25, indicating a marginal 0.1per cent YoY increase but an 8per cent QoQ decline. Revenue may reach ₹11,831 crore, up 3per cent YoY but down 8per cent QoQ.

Equirus projects a PAT of around ₹1,993 crore, reflecting a 3per cent YoY growth and a 5per cent QoQ decline. Net sales are estimated at ₹11,705 crore, up 2per cent YoY but down 9per cent QoQ.EBITDA is projected at ₹2,376 crore, marking a 3per cent increase YoY and an 8per cent decline QoQ. The EBITDA margin is expected to improve to 20.3per cent , rising by 22 basis points YoY and 15 basis points QoQ. Equirus elaborated on volume and ASP expectations.