Bajaj Auto Q2 Results Live Updates: Net profit likely to rise 13% YoY; lower volumes to dent revenue growth
₹10,747 crore from ₹10,202.8 crore in the corresponding quarter of last fiscal.Bajaj Auto’s net profit in Q2FY24 is expected to rise 13.6% to ₹1,738 crore from ₹1,530 crore in the same quarter last year, as per average estimates of analysts.The overall automobile sector witnessed flattish volume growth in Q2FY24 on back of decline in two-wheeler and tractor segments. Commodity costs continued to remain benign during the quarter, which should continue to aid margins of the auto companies.Auto major Bajaj Auto is set to release its financial results for the second quarter of FY24 today, 18 October 2023.
The board meeting of the automobile major is scheduled to take place tomorrow to approve the financial statements for the July-September quarter of FY24. Download the App to get 14 days of unlimited access to Mint Premium absolutely free!
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