Bajaj Auto: Muted Q4 performance
Bajaj Auto posts muted Q4 results with a 2 per cent year-on-year rise in revenues, while EBITDA fell 10 per cent YoY. S Ravikumar, senior VP of business development and assurance at Bajaj Auto, says that margins will be maintained at similar levels going forward on the back of a favourable product mix, and lower raw material costs. Bajaj Auto is also favourably hedged for FY14, which gives them comfort on realisations. Mr Ravikumar says that the company will launch 6 new variants in the Discover platform.
