iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Bajaj Auto logs 20% y-o-y growth in Q2 net profit at Rs 1,836 crore

19 Oct 2023 , 09:55 AM

Bajaj Auto stated on Wednesday that its standalone net profit for the quarter ended September was Rs 1,836 crore, up 20% y-o-y from Rs 1,530 crore recorded in the same period the previous year.

Revenue from operations increased 6% year-on-year to Rs 10,777 crore in the reporting period, compared to Rs 10,203 crore in the prior year’s similar period.

According to the company, revenue growth was supported by double-digit volume growth, with domestic buoyancy cushioning the weak, but improving export performance.

Quarterly EBITDA topped the Rs 2,000 crore mark for the first time, increasing by 21% year-on-year to Rs 2,133 crore.

Margin for the quarter was 19.8%, up 260 basis points year-on-year, driven by the higher realisation and a more diverse product mix, which more than offset the impact of expenditures in expanding electric scooters.

The domestic business reached a new high during the second quarter, following six consecutive quarters of double-digit YoY growth.

Domestic two-wheeler sales fell 19% to 5.05 million units, while domestic commercial vehicle sales increased 81% to 1.32 million units. Overall exports fell 9% year-on-year to 4.16 lakh units during the quarter.

For feedback and suggestions, write to us at editorial@iifl.com

 

Bajaj Auto logs 20% y-o-y growth in Q2 net profit at Rs 1,836 crore

Related Tags

  • Bajaj Auto
  • Bajaj Auto news
  • Bajaj Auto Q3
  • Bajaj Auto Q3 results
  • Bajaj Auto share price
  • Bajaj Auto stocks
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.