Q3 Results Today: Bajaj Auto, Hyundai Among 119 Companies to Announce Earnings
The third-quarter earnings season is in full swing, with 119 companies set to announce their financial results today. Key players like Bajaj Auto, Hyundai Motor, and Cipla are among the notable names releasing their Q3 FY25 results. Analysts expect mixed performances across sectors, with some companies showing resilience while others face challenges.
Bajaj Auto Q3 Expectations
Bajaj Auto, a leading two-wheeler manufacturer, is anticipated to report a 7% year-on-year (YoY) increase in revenue for the quarter ended December 2024. This growth is driven by a marginal rise in volumes and higher average selling prices (ASPs). However, domestic volumes remain weak, with a 10% decline in the entry-level two-wheeler segment.
- Revenue Growth: Expected to rise 7% YoY.
- Profit After Tax (PAT): Likely to grow around 6% YoY.
- Volume Growth: Overall volumes increased by 2% YoY, supported by recovery in export markets like Africa and Latin America.
- EBITDA Margins: Expected to contract due to an inferior product mix, particularly in entry-level two-wheelers and electric vehicles.
Hyundai Motor Q3 Expectations
Hyundai Motor India is expected to report a 2% YoY decline in revenue to Rs 16,518 crore, despite a marginal increase in average selling prices (ASPs) due to a richer product mix (higher share of SUVs). Profitability is likely to drop by 10% YoY to Rs 1,289 crore.
- Revenue Decline: Estimated at 2% YoY.
- Profit Drop: Expected to fall 10% YoY.
- Volume Decline: Volumes dropped 2% YoY during the quarter.
- Operating Profit: Likely to decrease by 4% YoY to Rs 2,083 crore.
Other Key Companies to Watch
Apart from Bajaj Auto and Hyundai, several other companies are set to announce their Q3 results today. These include:
- Hindustan Zinc
- Cipla
- BHEL
- Motilal Oswal
- JM Financial
- Jubilant Ingreva
- CE Info Systems
- Mahindra Financial
- JSW Infrastructure
- Piramal Pharma
- RITES
- RR Kabel
- SBI Cards
- Suzlon
Market Outlook
The Q3 earnings season is expected to reflect varied impacts across industries. While some companies like Bajaj Auto are benefiting from export recovery, others like Hyundai are facing challenges due to adverse product mix and declining domestic demand. Investors will closely monitor these results to gauge the overall health of the economy and sector-specific trends.
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