NEW DELHI: Shares of
climbed over 2 per cent in early trade on Thursday as the company reported a 71 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,039.86 crore in the July-September, helped by an exceptional item gain and healthy exports.
The two-wheeler giant’s scrip rose to a high of Rs 3,860 on the National Stock Exchange, as against Rs 3,776.50 at previous close.
In an exchange filing on Wednesday, the company said that its standalone profit after tax (PAT) climbed 12 per cent YoY in Q2FY22 to Rs 1,275 crore.
Revenue from operations in the second quarter registered a gain of 22 per cent on-year to Rs 8,762 crore. In the same period last year, revenue from operations was at Rs 7,156 crore.
For the quarter under review, Bajaj Auto’s earnings before interest taxes depreciation and amortization (EBITDA) stood at Rs 1,434 crore, showing a YoY growth of 10 per cent from Rs 1,300 crore over the same period a year ago.
The EBITDA margin, however, contracted 180 basis points to 16.4 per cent on a yearly basis in the July-September period.
A rise in cost of raw materials was partially offset with an increase in prices, Bajaj Auto said.
Factoring in dividend payments of Rs 4,051 crore, the company’s surplus cash and cash equivalents stood at Rs 17,526 crore as on September 30, down from Rs 19,907 crore as on Jun 30.Internet Explorer Channel Network