Bajaj Auto declines after lackluster Q3 earnings

Bajaj Auto fell 1.73% to Rs 2,307.50 at 14:36 IST on BSE after the company announced Q3 December 2015 results during trading hours today, 4 February 2016.

Meanwhile, the BSE Sensex was up 109.62 points, or 0.45%, to 24,332.94.

On BSE, so far 1.37 lakh shares were traded in the counter, compared with an average volume of 18,727 shares in the past one quarter. The stock hit a high of Rs 2,392.75 and a low of Rs 2,298.70 so far during the day. The stock hit a 52-week high of Rs 2,655 on 23 July 2015. The stock hit a 52-week low of Rs 1,913.80 on 30 April 2015. The stock had outperformed the market over the past one month till 3 February 2016, falling 6.83% compared with 7.41% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 3.03% as against Sensex's 8.90% fall.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto's net profit rose 4.64% to Rs 901 crore on 0.23% growth in turnover to Rs 5765 crore in Q3 December 2015 over Q3 December 2014.

Operating EBITDA (earnings before interest, taxes, depreciation and amortization) rose 2.66% to Rs 1234 crore in Q3 December 2015 over Q3 December 2014. Operating EBITDA margin improved to 22% in Q3 December 2015, from 21.1% in Q3 December 2014.

The company's total vehicle sales fell 3.35% to 9.51 lakh units in Q3 December 2015 over Q3 December 2014.

As on 31 December 2015, the company's surplus cash and cash equivalents stood at Rs 9430 crore.

Bajaj Auto is one of the leading two-and three-wheeler manufacturers in India.

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