Bajaj Auto delivered a healthy operating beat, with Ebitda exceeding estimates despite gross margin contraction, however, net profit beat was relativelymodest due to lower-than-expected other income, making operating performance the key positive for the quarter, adds the brokerage.
Bajaj Auto delivered a healthy operating beat, with Ebitda exceeding estimates despite gross margin contraction, however, net profit beat was relativelymodest due to lower-than-expected other income, making operating performance the key positive for the quarter, adds the brokerage.
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