Bajaj Auto Q1 Results: Profit rises 11% YoY to Rs 1,173 crore, beats estimates
Revenues from functions rose 8 for each cent YoY to Rs 8,005 crore for the June quarter in contrast with Rs 7,386 crore in the corresponding quarter final calendar year.
Each the leading and the bottom line beat ET NOW poll estimates of Rs 1,069 crore and Rs 7,652 crore, respectively.
Ebitda for the quarter jumped 15 per cent YoY to Rs 1,328 crore from Rs 1,153 crore in the calendar year-in the past quarter.
Ebitda margin expanded by 100 basis factors in June 2022 quarter to 16.6 per cent towards 15.6 per cent in the calendar year-in the past quarter, the two-wheeler maker mentioned in a push release.
Ebitda grew irrespective of source constraints, price tag headwinds and weak macro-economic context. Even handed cost improves, much better international exchange realisation and a favourable blend offset the materials cost inflation and enabled margin advancement,
mentioned.
The corporation reported sales for the quarter had been impacted by the insufficient availability of semiconductors, even though the predicament improved in the latter element as new offer resources were produced, it explained.
Total, volumes for the vehicle maker ended up down 7 for each cent for the quarter to 9,33,646 units versus 10,06,014 units in the yr-ago quarter. Whilst total domestic volumes, which include two-wheelers and professional autos, were being down 1 for every cent YoY, exports have been down 10 for every cent YoY for the quarter.
The corporation said its exports throughout the quarter were being led by ASEAN and LATAM markets with over-all market share continuing to increase irrespective of tough macros in a few markets.
Bajaj Automobile clocked the maximum ever sale of sporting activities motorcycles in LATAM markets led by Dominar and Pulsar, the business reported.