Business
Bajaj Auto Q2 profit rises 35% to Rs 3,354 crore
The Hindu BusinessLine·
Bajaj Auto on Tuesday reported a 35 percent rise in standalone profit after tax to Rs 3,354 crore for the July-September quarter. Revenue from operations rose 34 percent to Rs 20,003 crore. EBITDA climbed 37 percent to Rs 4,172 crore. Domestic revenue grew 30 percent, while exports rose more than 40 percent year on year.
Prism
What It Means For You
- EBITDA margin rose 40 basis points to 20.9 percent in the quarter.
- Electric models closed near 200k units versus 82k a year earlier.
- The company said electrics now form about one-third of domestic revenues.
What's Happening
- Profit compared with Rs 2,480 crore in the year-earlier July-September quarter.
- Revenue compared with Rs 14,922 crore in the same quarter last year.
- Africa nearly doubled billing over the base quarter, Bajaj Auto said.
Where Growth Came From
- Domestic two- and three-wheelers both contributed to record quarterly domestic revenue.
- Latin America registered its best-ever sales in the quarter, the company said.
- Business Standard carried the same standalone profit and revenue figures.
all-news