Weak volumes may contract Bajaj Auto's Q3 revenues up to 13% QoQ: Analysts

Bajaj Auto Q3 preview: As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23

The two-wheeler major Bajaj Auto is likely to report up to 2 per cent year-on-year (YoY) drop in revenue growth to Rs 8,873 crore in the October-December quarter of this fiscal year (Q3FY23), due to weaker domestic and export volumes, pegged analysts. Meanwhile, they expect revenues to contract up to 13 per cent quarter-on-quarter (QoQ) from Rs 10,203 crore in Q2FY23. The company is scheduled to announce results on Wednesday, January 25.

As per brokerage estimates, the auto major is expected to report marginal improvement in EBITDA margins on a sequential basis to 17.4 per cent in Q3FY23 from 17.2