Bajaj Auto (BAL) reported steady Q4FY19 numbers with a surprise on ASPs (up 5% QoQ at | 60,533/unit) & exceptional item (| 342 crore) resulting in 21% increase in PAT on a YoY basis. Net revenues came in at | 7,395 crore (up 9.2% YoY). Total volumes for the quarter were at 11.9 lakh units (up 14% YoY) wherein 2-W volumes were at 10.0 lakh units (up 17% YoY) and 3-W volumes were 1.9 lakh units (up 1% YoY). Reported EBITDA margins were at 15.7% (up 11 bps QoQ). PAT in Q4FY19 grew 20.9% YoY to | 1,306 crore. PAT was higher supported by | 342 crore as exceptional gain realised in...