Bajaj Auto Q2 FY18 consolidated net profit remains flat at Rs 1,194 crore yet beats estimates

India Infoline Research Team | October 17, 2017 13:16 IST

Revenue for the quarter came in 0.2 % lower than the estimated figure of Rs 6556 crore. Net profit for the quarter came in 10.3 % higher than the estimated figure of Rs 1082.2 crore.

Bajaj Auto Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 6,566.4 2.1
EBITDA 1,297.4 0.2
EBITDA Margin (%) 19.8 [36]
Net Profit (adjusted) 1,194 [0.6]
***EBITDA margin change is bps
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Reco. Price

3108.15

Last updated on

29-Sep-2017

Bajaj Auto Q2FY18 consolidated results for the quarter registered a beat on net profit versus street estimates.

Revenue for the quarter came in 0.2 % lower than the estimated figure of Rs. 6556 crore. Net profit for the quarter came in 10.3 % higher than the estimated figure of Rs. 1082.2 crore.

Bajaj Auto consolidated revenue for the quarter came in at Rs. 6566.4 crore, registering 2.1% yoy increase.

EBITDA for the quarter rose by 0.2% yoy to Rs. 1297.4 crore with a corresponding margin contraction of 36 bps. EBITDA margin for the quarter stood at 19.8%. This margin contraction was aided by increased raw material cost.

The PAT for the quarter came in at Rs. 1194 crore, yoy decline of 0.6%.


Technical View:

Bajaj Auto Ltd is currently trading at Rs. 3,283, up by 61.2 points or 1.9% from its previous closing of Rs. 3,221.80 on the BSE.
The scrip opened at Rs. 3,230 and has touched a high and low of Rs. 3,310.20 and Rs. 3,221 respectively. So far 7,59,724(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

 

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