Bajaj Auto on Tuesday reported a 35.2 per cent year-on-year increase in standalone net profit to ₹3,353.8 crore for the second quarter (Q2) of the financial year, supported by higher revenue and vehicle sales, particularly in export markets.
Revenue from operations rose 34.1 per cent to ₹20,003.4 crore in the July-September quarter, compared with ₹14,922 crore in the corresponding period last year.
The two-wheeler and three-wheeler manufacturer’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased 37 per cent to ₹4,172 crore from ₹3,052 crore a year earlier. Its EBITDA margin expanded by 40 basis points year-on-year to 20.9 per cent, against 20.5 per cent in the year-ago quarter. The margin remained unchanged from the preceding quarter.
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On a sequential basis, revenue and EBITDA each grew 16 per cent, while net profit increased 12 per cent.
Bajaj Auto Q2 Sales Rise 20% As Exports Jump 41%
Bajaj Auto’s total vehicle sales increased 20 per cent year-on-year to 15,48,884 units in the quarter ended September, compared with 12,94,120 units in the same period last year.
Exports were a key contributor to the growth, rising 41 per cent to 7,78,528 units from 5,53,327 units a year earlier. Two-wheeler exports climbed 43 per cent to 6,76,545 units, while commercial vehicle exports grew 26 per cent to 1,01,983 units.
Domestic sales rose 4 per cent to 7,70,356 units, compared with 7,40,793 units in the corresponding quarter last year. Within the domestic market, two-wheeler sales increased 2 per cent to 6,07,416 units, while commercial vehicle sales grew 13 per cent to 1,62,940 units.
Two-Wheeler & CV Volumes Grow
Across domestic and overseas markets, Bajaj Auto’s total two-wheeler sales rose 20 per cent to 12,83,961 units. Commercial vehicle volumes increased 18 per cent to 2,64,923 units during the quarter.
