Bajaj Corp Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||28.6|||
|Net Profit (adjusted)||50.7|||
Bajaj Corp’s standalone revenue for the quarter came in at Rs. 204 crore, registering 3.7% yoy increase.
EBITDA for the quarter fell by 13.1% yoy to Rs. 58.3 crore with a corresponding margin contraction of 555 bps. EBITDA margin for the quarter stood at 28.6%. This margin contraction was driven by increase in other expenses and purchase of stock-in-trade by 21% yoy and 16% yoy, respectively.
The PAT for the quarter came in at Rs. 50.7 crore, yoy decline of 13%.
During the quarter, price of its key raw material Light Liquid Paraffin (LLP) increased to Rs 51.80/Kg from Rs 44.55/Kg in corresponding quarter of previous year. Whereas, price of Refined Oil decrease to Rs 72.68/Kg from Rs 78.41/Kg in corresponding quarter of previous year.
Bajaj Corp Ltd ended at Rs. 413.85, up by 4.95 points or 1.21% from its previous closing of Rs. 408.90 on the BSE.
The scrip opened at Rs. 412.90 and touched a high and low of Rs. 419 and Rs. 403.60 respectively. A total of 4,95,517(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.
BSE 488.30 [14.15] ([2.82]%)
NSE 491.80 [7.90] ([1.58]%)
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