Bajaj Auto Net Profit Rises 12% To Rs 1,275 Crore In September Quarter, Revenue Up 22%

Bajaj Auto Q2 Results: Net revenue stood at Rs 1,275 crore within the September quarter

Bajaj Auto introduced its July-September quarter outcomes for the monetary 12 months 2021-22, reporting a internet revenue of Rs 1,275 crore on a standalone foundation, in comparison with Rs 1,138 crore within the corresponding interval final 12 months, marking a development of 14 per cent year-on-year.

The two-wheeler main's income from operations within the second quarter of the present fiscal stood at Rs 8.762 crore, in comparison with Rs 7,155 crore, registering a development 22 per cent year-on-year, in response to a regulatory submitting to the inventory exchanges at this time.

The firm's complete earnings within the September quarter stood at Rs 9080.5 crore, in comparison with Rs 7,441.66 within the corresponding quarter final 12 months. The earnings earlier than curiosity, tax, depreciation, and amortization (EBITDA) stood at Rs 1,434 crore, up 10 per cent year-on-year, in comparison with Rs 1,300 crore within the year-ago interval. 

Bajaj Auto's turnover within the September quarter stood at Rs 9,081 crore, whereas its quantity was at 1,144,407 models. After dividend funds of Rs 4,051 crore, the excess money and money equivalents stood at Rs 17,526 crore as of September 30, in contrast with Rs 19,097 crore as of June 30, Bajaj Auto stated in its assertion. The improve in the price of uncooked supplies, which was partially offset with a rise in costs. 

On Wednesday, October 27, shares of Bajaj Auto settled 0.38 per cent decrease at Rs 3,777.45 apiece on the BSE. Bajaj Auto opened on the BSE at Rs 3,803.95, touching an intra day excessive of Rs 3,836.70 and an intra day low of Rs 3,760, all through the buying and selling session at this time.