When you think of bikes, the first name that pops into your head is Bajaj. And why not, Bajaj is not just a preferred name in India but has a robust network in over 70 countries.
The company recently announced its highly anticipated Q1 results for the financial year 2024-2025.
The renowned two and three-wheeler manufacturer, reported a robust net profit of ₹1,988 crore for the first quarter of FY25, driven by impressive revenue of ₹11,928 crore.
When a well-established company delivers a standout performance, showcasing double-digit growth across all key metrics, investor interest is expected. So if you are planning to invest, being aware of the Bajaj Auto share price is crucial.
A Recap
For a Bajaj Auto share price forecast for 2024, it is essential to take a look at the company’s past performance. The Bajaj Group, founded by Jamnalal Bajaj—a freedom fighter, philanthropist, and close associate of Mahatma Gandhi—has grown into one of India’s most esteemed business conglomerates.
The group’s remarkable journey began over eight decades ago with the establishment of a sugar factory in Lakhimpur Kheri, Uttar Pradesh. Today, the Bajaj group has diversified into an array of business sectors.
In 1970, Bajaj Auto achieved the milestone of rolling out its 1,00,000th vehicle in the still-developing automobile industry. Ever since, there’s been no looking back for the company. Fast forward to 2024. Take a look at the Bajaj Auto financial results:
- Revenue soared to a record-breaking ₹44,685 crore, marking a 23% YoY increase, fueled by unprecedented sales in both vehicles and spare parts.
- EBITDA reached an all-time high of ₹8,825 crore, reflecting a robust 35% growth compared to the previous year.
- The EBITDA margin expanded significantly, reaching 19.7%, an impressive gain of 180 basis points YoY.
- Profit Before Tax surged to ₹9,822 crore, while Profit After Tax climbed to ₹7,479 crore—both achieving new milestones with a 33% increase over the previous year.
- In FY2024, domestic motorcycle sales by volume grew by 20%, and the year also witnessed the successful launch of electric three-wheelers.
Bajaj Auto Share Price Forecast for 2024: What Investors Need to Know
As 2024 unfolds, Bajaj Auto remains a key player in India’s automotive sector, drawing significant attention from investors. The company’s steady performance, strong presence in the market, and smart strategies have made its shares a popular choice for those investing in the auto industry.
Experts are optimistic about Bajaj Auto’s share price this year, thanks to several key factors. The company’s strong financial health, highlighted by record-breaking revenue and profit margins last year, sets it up well for future growth. Additionally, the successful launch of electric three-wheelers and solid domestic motorcycle sales are helping the company increase its market share.
Bajaj Auto’s push towards innovation and electric vehicles (EVs) aligns with global trends for sustainability, which could strengthen investor confidence. The company’s strong international presence and ability to handle challenges like supply chain issues and fluctuating raw material costs make it resilient.
Though the auto industry might face challenges like regulatory changes and economic ups and downs, Bajaj Auto’s solid foundation suggests it is well-prepared to handle these. Investors should watch market trends and company updates as they consider their investments in Bajaj Auto for 2024.
Over to You
Bajaj Auto’s push towards innovation and electric vehicles (EVs) aligns with global sustainability trends, which could strengthen investor confidence. The company has a strong international presence and the ability to handle challenges. However, it’s important to remember that investing in the stock market can be risky. So when you create demat account online, also make sure that you are in a position to make well-informed decisions.
While investing in a reputable brand like Bajaj Auto looks promising, it’s crucial to exercise due diligence. Always weigh the pros and cons and consider your risk appetite before making any investment decisions. Investors should keep an eye on market trends and company updates as they consider their positions in Bajaj Auto share price for 2024.