Bajaj Auto operating profit may lag estimates: StarMine

Written by Reuters | Updated: Jul 17 2014, 16:13pm hrs
Bajaj AutoA worker walks beside newly built motorbikes at the Bajaj Auto Ltd. plant in Pune. (Reuters)
India's Bajaj Auto operating profit may lag consensus estimates when it reports quarterly results later in the day, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places a greater emphasis on forecasts by top-rated analysts, expects Bajaj Auto to report an operating profit of 10.28 billion rupees ($170.8 million) for the June quarter, compared with a consensus mean estimate of 10.47 billion rupees.

The latest estimate for Bajaj Auto's quarterly operating profit stands at 10.08 billion rupees from Anand Rathi Securities, StarMine data adds.

Bajaj Auto shares nearly flat as of 0427 GMT.

($1 = 60.1750 Indian Rupees)