INSUBCONTINENT EXCLUSIVE:
A favourable currency movement and increase in domestic two- and three-wheeler sales bumped up Bajaj Auto net profit by 20 per cent
year-on-year even as the consolidated net profit declined 15 per cent
The company attributed it to the non-inclusion of financials of one of its wholly owned subsidiaries into the consolidated earnings
Revenue from operations stood at a record Rs 10,203 crore, an increase of 16 per cent over the corresponding period last year
Ebitda margins, too, advanced to 17.2 per cent from 16 per cent last year
outstanding with record breaking top-line and bottom-line outcomes
Bajaj Auto said, adding that he expected Q3 to be better than Q2 with supply chain visibility being much better
Thapar.
During the period, domestic volumes nearly doubled over the previous quarter across both two- and three-wheelers, which helped
offset the fall in exports arising from macroeconomic headwinds in the overseas markets.
While the two-wheeler dispatches during the period
rose 27 per cent year-on-year to 621,134 units, three-wheeler sales, albeit on a low base, increased 66 per cent to 73,241 units.
The
macro-economic challenges in select overseas markets subdued exports billing volumes
However, the strong show in ASEAN (with Philippines registering its highest sales) and improved foreign exchange realisations (79.75 in Q2
portfolio came from the 125cc segment
This used to be 46 per cent in FY20
Chetak saw its volumes grow by over 50 per cent from about 6,200 units in Q1 to over 10,000 units in Q2
It helped the company increase its presence to more than 40 cities
Bajaj is also working on expanding the EV portfolio to cover different emerging segments and geographies.
