iifl-logo-icon 1

Invest wise with Expert advice

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

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Bajaj Auto posts 37% y-o-y growth in Q3 net profit at Rs 2,042 crore

25 Jan 2024 , 10:32 AM

Bajaj Auto, a leading two-wheeler manufacturer, announced a 37% year-on-year increase in its standalone net profit to Rs 2,042 crore for the third quarter ended December 2023, above the poll estimate of Rs 1,961 crore. Last year, the business made Rs 1,491 crore in profits.

Revenue from operations in the quarter climbed by 30% year-on-year to Rs 12,114 crore, above the street expectations of Rs 11,875 crore. The company reported revenues of Rs 9,315 crore in the previous corresponding quarter.

The significant revenue growth was driven by an acceleration in the domestic business as a result of sharp execution and effective activation over the holiday season.

Export sales hindered growth to some extent, but the business says it is rebounding despite ongoing headwinds in international markets. The business reported its highest-ever quarterly EBITDA of Rs 2,430 crore, up 37% YoY. During the third quarter, margins increased by 100 basis points, reaching 20.1%.

The significant margin growth was driven by improved realizations, dynamic cost control, and operating leverage, which, according to the firm, more than offset the drag from competing expenditures in expanding the scale of electric scooters.

Domestic business experienced a stronger quarter, with a volume-led revenue increase of approximately 50% year-on-year. Domestic growth was broad-based across all sectors, backed by motorcycles, notably those with 125 cc or more, persistent strength in commercial vehicles, and a gradual build-up of the electric portfolio.

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


Related Tags

  • Bajaj Auto
  • Bajaj Auto news
  • Bajaj Auto Q3
  • Bajaj Auto Updates
sidebar mobile


Read More

Most Read News

Awfis IPO oversubscribed 4.19x on day two
23 May 2024|09:51 PM
Indian markets end the day on high
23 May 2024|03:59 PM
Markets surge

Markets surge

23 May 2024|03:45 PM
MG Motor India to supply 3000 EVs to Vertelo
23 May 2024|03:46 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

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.