Bajaj Auto Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

June 24, 2024

Bajaj Auto (NSE:BAJAJ-AUTO) Full Year 2024 Results

Key Financial Results

Revenue: ₹461.6b (up 24% from FY 2023).
Net income: ₹77.1b (up 27% from FY 2023).
Profit margin: 17% (in line with FY 2023).
EPS: ₹273 (up from ₹212 in FY 2023).

revenue-and-expenses-breakdown — NSEI:BAJAJ-AUTO Revenue and Expenses Breakdown June 24th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bajaj Auto EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.6%.

The primary driver behind last 12 months revenue was the Automotive segment contributing a total revenue of ₹448.7b (97% of total revenue). Notably, cost of sales worth ₹320.4b amounted to 69% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling ₹21.1b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how BAJAJ-AUTO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Auto industry in India.

Performance of the Indian Auto industry.

The company's shares are down 3.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Bajaj Auto you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.