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Bajaj Auto March Quarter Profit Falls 2% To Rs 1,526 Crore

Bajaj Auto on Wednesday said its consolidated net profit declined by 2 per cent to Rs 1,526 crore in the fourth quarter ended on March 31, 2022

Bajaj Auto sales up 6% to 3,75,017 units in February, two-wheeler biz up 7%

Bajaj Auto on Monday reported 6 per cent rise in total sales at 3,75,017 units in February, as against 3,54,913 units in the same month last year. Total domestic sales declined by 2 per cent to 1,64,811 units last month, as compared to 1,68,747 units sold in February 2020, Bajaj Auto said in a regulatory filing. Bajaj Auto's total two-wheeler sales were up 7 per cent to 3,32,563 units, as compared to 3,10,222 units in the year-ago month. Overall commercial vehicles sales declined by 5 per cent at 42,454 units last month, as compared to 44,691 units in the year-ago period. Bajaj Auto said its total exports last month rose 13 per cent to 2,10,206 units, as compared to 1,86,166 units in February 2020.

Bajaj Auto logs 8% rise in sales in Jan, two-wheeler export up by 30%

Bajaj Auto Ltd on Tuesday reported an 8 per cent increase in total sales at 4,25,199 units in January. The company had sold 3,94,473 units in the same month last year, Bajaj Auto said in a statement. Total two-wheeler sales were at 3,84,936 units as against 3,32,342 units in the year-ago month, a growth of 16 per cent. Domestic two-wheeler sales were marginally lower at 1,57,404 units as compared to 1,57,796 units in January last year, the company said. Bajaj Auto said it posted its highest ever two-wheeler exports in January at 2,27,532 units as compared to 1,74,546 units in the same month last year, a growth of 30 per cent.

Bajaj Auto: Encouraging outlook says HDFC Securities, Maintain BUY with Rs 4250 target price

Bajaj Auto’s Q3 FY21 PAT (+24/37% YoY/QoQ) beat was driven by strong profitability (EBITDA margin came in at 19.4%, +150/170bps YoY/QoQ). HDFC Securities have recently upgraded Bajaj Auto to a BUY on the back of a firming recovery. Bajaj Auto’s management expects double-digit growth in FY22 in the domestic 2W market while export demand will remain healthy, driven by low-system inventories. Further, the local 3W volumes are expected to improve from hereon.     (1)   Bajaj Auto’s exports are firm across frontier markets as crude prices and other commodities are firming up (2)   Bajaj Auto’s 3W sales are expected to revive, particularly after the vaccine rollout

Bajaj Auto Q3 consolidated PAT grows 30% YoY to Rs 1,716 crore

Two-wheeler major Bajaj Auto, on Thursday, reported consolidated net profit of Rs 1,716.26 crore for the October-December quarter of FY21 (Q3FY21), up 29.7 per cent, from a profit of Rs 1,322.4 crore in the year-ago period, primarily on the back of 9 per cent year-on-year (YoY) volume growth. Sequentially, the profit surged 43.74 per cent from Rs 1,193.97 crore posted in the September quarter of FY21. The company's revenue grew 16.62 per cent YoY to Rs 8,909.88 crore, as against Rs 7,639.66 crore in Q3FY20. Analysts at HDFC Securities had pegged revenue and profit for the quarter at Rs 7,246.7 crore and Rs 1,209.5 crore, respectively. Standalone numbers On a standalone basis, the net profit came in at Rs 1,556.3 crore, up 23.4 per cent on a YoY basis while revenue grew to Rs 8,910 crore. Both the figures were the company's highest-ever in a single quarter.

Bajaj Auto Q3 profit soars 23% to record high; margins hit 2-year high

Bajaj Auto Q3 profit soars 23% to record high; margins hit 2-year high SECTIONS Share Synopsis The company reported a strong operating performance for the three-month period ended December 31 as its earnings before interest, tax, depreciation and amortisation rose 25 per cent to Rs. 1,764 crore. Agencies INSIGHTS NSE Explore Now MUMBAI: Bajaj Auto reported a stellar set of earnings for the December quarter on Thursday, as its net profit surged 23 per cent year-on-year to a record high of Rs. 1,556.3 crore, and its revenues rose 17 per cent to Rs 8,910 crore. The company was expected to report a net profit of Rs. 1,412 crore and revenues of Rs. 8,963 crore, according to an ETMarkets.com poll.

Bajaj Auto's Pulsar bikes are still selling fast but its auto rickshaws aren't⁠— it may squeeze the margin

15%Source: Brokerage reports Meanwhile, the share price of Bajaj Auto has risen nearly 28% since September 30, as the investors cheered robust sales growth during the quarter. The stock achieved a milestone in December after its market value crossed the ₹1 lakh crore ($14 billion) mark on the Indian stock exchanges. Advertisement Here’s what to expect from Bajaj Auto in Q3 While the three-wheeler continued to stay under pressure, Bajaj’s third quarter sales were 9% better than the same period last year. The analysts’ reports credit the year-end offers and the festive demand for the spike in revenue aside from the sharp jump in exports.