{"id":134790,"date":"2022-10-17T11:25:20","date_gmt":"2022-10-17T15:25:20","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134790"},"modified":"2022-10-17T11:25:21","modified_gmt":"2022-10-17T15:25:21","slug":"bajaj-auto-limited-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bajaj-auto-limited-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Bajaj Auto Limited Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Bajaj Auto Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/BAJAJAUTO\/\">BAJAJAUTO<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:23:06] Amyn Pirani of JPMorgan asked about other operating income being strong despite export volumes being lower. Dinesh Thapar CFO answered that the benefit is coming from export incentives. But the way it gets accounted for and it gets realized is slightly different, which can be phased off over time.<\/li>\n<\/ul>\n<ul>\n<li>[00:32:33] Pramod Kumar from UBS asked about the normalized other operating income as a percentage of revenues. Dinesh Thapar CFO replied that there isn\u2019t a change in accounting. It is the way it is accounted for. The company added that the realizations have improved compared to the past in subdued market. The second factor is incentives, which is PSI.<\/li>\n<\/ul>\n<ul>\n<li>[00:34:26] Pramod Kumar with UBS asked about the 2Q23 export revenue in rupee term. Dinesh Thapar CFO answered that the company\u2019s export revenues were about INR3,800 crores.<\/li>\n<\/ul>\n<ul>\n<li>[00:42:16] Jinesh Gandhi of Motilal Oswal asked about export demand recovery, if it\u2019s across markets. Rakesh Sharma ED replied that ASEAN did not experience a downturn, but there was a slight decline in the LatAm sector of about 5% and a 20% decline in Africa. BAJAJAUTO expects demand in Aug. to Dec. period would be better than April to July period.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:18] Jinesh Gandhi of Motilal Oswal also enquired about the 3-wheeler ban, both in Egypt as well as African markets. Rakesh Sharma ED said that 3-wheeler ban in Egypt remains. BAJAJAUTO is in talks with the Egyptian govt. and is positive about the outcomes eventually when they happen.<\/li>\n<\/ul>\n<ul>\n<li>[00:45:40] Raghunandhan N.L. from Emkay Global asked about EV supply chain and production ramp up and plans for future. Rakesh Sharma ED answered that volumes are ramping up as supply chain visibility is better. The e-auto trials have extended and expects to complete by end of CY22.<\/li>\n<\/ul>\n<ul>\n<li>[00:51:27] Raghunandhan N.L. of Emkay Global asked about the capex expectation and the share of capex towards EVs. Dinesh Thapar CFO replied that the capex expectation for the FY23 should be about INR750-odd crores. The much of capex is going on establishing the EV facility for two-wheelers, 3-wheelers and expansion of a new site at Chakan facility for premium motorcycles.<\/li>\n<\/ul>\n<ul>\n<li>[00:55:10] Gunjan Prithyani from Bank of America asked about falling market share in India in the domestic business. Rakesh Sharma ED answered the more severe impact on Pulsar market share was due to supply chain disruption. The company upgraded Pulsar and with supply chain improving, the market share in sports segment is approaching 40% levels.<\/li>\n<\/ul>\n<ul>\n<li>[00:59:35] Chirag Shah asked about sequential decline in staff cost. Rakesh Sharma ED replied it\u2019s due to increments in last quarter, which is\u00a0 a one-time cost and the trueup of various performance pay and other payoffs that moved to the current quarter.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Bajaj Auto Limited (BAJAJAUTO) Q2 FY23 Earnings Concall Q&amp;A Highlights: [00:23:06] Amyn Pirani of JPMorgan asked about other operating income being strong despite export volumes being lower. Dinesh Thapar CFO answered that the benefit is coming from export incentives. But the way it gets accounted for and it gets realized is slightly [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Bajaj Auto Limited Q2 FY23 Earnings Conference Call Insights #BAJAJAUTO #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392],"tags":[80,10169],"class_list":["post-134790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","tag-automobile","tag-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134988,"url":"https:\/\/alphastreet.com\/india\/bajaj-auto-limited-bajajauto-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":134790,"position":0},"title":"Bajaj Auto Limited (BAJAJAUTO) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 14, 2022","format":false,"excerpt":"Bajaj Auto Limited (NSE: BAJAJAUTO) Q2 FY23 earnings concall dated Oct. 14, 2022 Corporate Participants: Anand Newar\u00a0--\u00a0Head Investor Relations Rakesh Sharma\u00a0--\u00a0Executive Director Dinesh Thapar\u00a0--\u00a0Chief Financial Officer Analysts: Amyn Pirani\u00a0--\u00a0JPMorgan -- Analyst Kapil Singh\u00a0--\u00a0Nomura -- Analyst Pramod Kumar\u00a0--\u00a0UBS -- Analyst Jinesh Gandhi\u00a0--\u00a0Motilal Oswal Financial Services -- Analyst Raghunandhan N.L.\u00a0--\u00a0Emkay Global --\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135279,"url":"https:\/\/alphastreet.com\/india\/maruti-suzuki-india-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134790,"position":1},"title":"Maruti Suzuki India Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 31, 2022","format":false,"excerpt":"Key highlights from Maruti Suzuki India Limited (MARUTI) Q2 FY23 Earnings Concall Management Update: [00:05:21] MARUTI said that on the back of better availability of product components, it reported its highest ever sales volume in any quarter. However, in 2Q23, MARUTI also could not produce 35,000 vehicles due to limited\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135329,"url":"https:\/\/alphastreet.com\/india\/indiamart-intermesh-ltd-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134790,"position":2},"title":"IndiaMART InterMESH Ltd Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 22, 2022","format":false,"excerpt":"https:\/\/youtu.be\/ZRg2DOfVjuY Key highlights from IndiaMART InterMESH Ltd (INDIAMART) Q2 FY23 Earnings Concall Q&A Highlights: [00:08:31] Pranav Kshatriya from Nuvama Wealth enquired about the reason for sharp increase in Technology and Content cost being almost at 19.4% as a percentage of revenue. Prateek Chandra CFO said that most of the cost\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135876,"url":"https:\/\/alphastreet.com\/india\/state-bank-of-india-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134790,"position":3},"title":"State Bank of India Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 8, 2022","format":false,"excerpt":"https:\/\/youtu.be\/W_FDVFWMDGI Key highlights from State Bank of India (SBIN) Q2 FY23 Earnings Concall Q&A Highlights: [00:12:07] Mahrukh Adajania of IDFC asked about margins, if for the next few quarters SBIN will continue to see margin expansion. Dinesh Khara Chairman answered that the bank will try to keep the NIM at\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139163,"url":"https:\/\/alphastreet.com\/india\/maruti-suzuki-india-limited-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134790,"position":4},"title":"Maruti Suzuki India Limited Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"January 25, 2023","format":false,"excerpt":"Key highlights from Maruti Suzuki India Limited (MARUTI) Q3 FY23 Earnings Concall Management Update: [00:05:35] MARUTI said it achieved cumulative production of over 25 million units, making it the only Indian company to achieve the milestone in passenger vehicle production. [00:06:01] MARUTI also said that in 2022, it registered an\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133430,"url":"https:\/\/alphastreet.com\/india\/hero-motocorp-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":134790,"position":5},"title":"Hero MotoCorp Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 24, 2022","format":false,"excerpt":"https:\/\/youtu.be\/fZCNBuPIAAQ Key highlights from Hero MotoCorp Ltd (HEROMOTOCO) Q1 FY23 Earnings Concall Management Update: HEROMOTOCO said it remains positive about the prospects of the economy in general and particularly auto industry. Q&A Highlights: Jinesh Gandhi of Motilal Oswal asked about demand in the context of ground level retail trend. Niranjan\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134790"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}