Bajaj Auto Q3 results: कंपनी ने पेश किये कमजोर नतीजे, मुनाफा 22% घटकर हुआ 1,214 करोड़ रुपये

Bajaj Auto Q3 results- Compared to last year, this time there was a decrease in the profit of Bajaj Auto

Bajaj Auto today i.e. on Wednesday 19 January declared its results for the quarter ended 31 December 2021 (Q3FY22) which have been weaker than expected. The company’s profit on a yearly basis declined to Rs 1,214 crore, a decline of 22% over the previous year. Whereas in the third quarter (Q3FY21) of the last financial year, the company’s profit was Rs 1,556 crore.

The two-wheeler maker’s income from operations stood at Rs 9,021 crore for the third quarter on a year-on-year basis as against Rs 8,909 crore in the third quarter of last year.

Bajaj Auto Q3 results

On Wednesday, January 19, the share of Bajaj Auto closed at Rs 3,452 up 1.51% on the NSE.

The company’s EBITDA (earnings before interest, tax, depreciation and amortization) declined 20 percent to Rs 1,405 crore in the third quarter of FY 2022 on a year-on-year basis. Whereas the company’s EBITDA margin decreased from 19.8% to 15.6% in the third quarter of this year as compared to the third quarter of the previous financial year i.e. 2021.

On the other hand, the adjusted EBITDA margin increased from 15% in the September quarter to 15.6% in the December quarter. This increase in EBITDA margin was mainly due to the positive impact of price hikes, lower-cost escalation, and favorable price of the Indian rupee against the dollar at the time of export.

Bajaj Auto Q3 results

During the quarter, in the domestic motorcycle market, the industry recorded a decline of 23 percent over Q3FY21. Bajaj Auto fared marginally better recording sales of over 4,69,000 units, a decline of 20 percent. Bajaj Auto said its market share improved to 19.2 percent against 18.6 percent in Q3FY21 and 18.1 percent in FY21.

In the domestic commercial vehicle market, the industry recorded a growth of 5 percent during the quarter. Bajaj Auto fared a lot better, recording a growth of 52 percent and reporting a market share of 71 percent, continuing its leadership position across the three product categories in this segment.

“Exports continue to record strong sales with average monthly volumes in excess of 2,19,000 units. For the calendar year 2021, exports by volume exceeded 2.5 million units – highest ever,” Bajaj Auto said.

As of December-end 2021, surplus cash and cash equivalents stood at Rs 17,883 crore as against Rs 17,526 crore as of September-end 2021, the company said.

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