NEW DELHI: Bajaj Auto on Thursday reported a 15 per cent year-on-year rise in net profit at Rs 1,262 crore for December quarter compared with Rs 1,102 crore in the same quarter last year.
Analysts in an ET NOW poll had projected profit at Rs 1,190 crore.
Revenue from operations rose 3 per cent to Rs 7,640 crore from Rs 7,436 crore in the year-ago quarter.
Ebitda for the quarter came in at Rs 1,406 crore, up 13 per cent YoY.
Ebitda margin at 18.4 per cent was higher than 16.7 per cent in the same quarter last year.
Sequentially, Ebitda margin improved by 150 basis points over 16.9 per cent in the September quarter. The auto maker attributed this improvement to reduction in cost of material and increase in prices.
Domestic motorcycle industry recorded a volume decline of 14 per cent in December quarter and Bajaj Auto’s performance was in line. The company sold 96,000 commercial vehicles during the quarter.
International business clocked its highest ever quarterly volumes of 562,772 units during the quarter rising 7 per cent. It now contributes 43 per cent to the company’s total net sales.
Source: Economic Times
