Will Bajaj Auto's weak Street show be a one-off?

BS-IV transition dents performance; company expects domestic volumes to pick up in Sept quarter

Ram Prasad Sahu  |  Mumbai 

Bajaj Auto's June quarter results were below estimates, especially on the operating profit margin level, as lower volume growth and higher costs dented overall performance. Even so, the stock closed lower by only 0.2 per cent on Thursday, indicating the Street is taking cues from the one-off events of the past three-four months. Hope of better performance in the coming quarters and a good export showing also helped. Weak home volumes Led by a 23 per cent fall in domestic volumes due to the disruption caused by transition to BS-IV emission norms, as well as the new goods and ...

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