Bajaj Auto firms up after Q2 results

Bajaj Auto rose 2.10% to Rs 3188.90 after consolidated profit after tax rose 22% to Rs 1,402 crore on a 4% decline in revenue from operations to Rs 7,707 crore in Q2 September 2019 over Q2 September 2018.

The result was announced during market hours today, 23 October 2019.

EBITDA fell 9% to Rs 1,305 crore in Q2 September 2019 over Q2 September 2018. EBITDA margin stood at 16.9% in Q2 September 2019, lower than 17.9% in Q2 September 2018.

As on 30th June 2019, surplus cash and cash equivalents was Rs 17,126 crore. After payment of dividend and tax thereon of Rs 2,072 crore, surplus cash and cash equivalents stood at Rs 15,986 crore as on 30th September 2019.

Bajaj Auto reported a 12% decline in the total vehicles sales volume to 11.73 lakh units in Q2 September 2019 over Q2 September 2018.

Total domestic vehicles sales fell by 22% to 6.29 lakh units, while the total exports rose by 2% to 5.44 lakh units in Q2 September 2019 over Q2 September 2018. Total motorcycle sales declined by 13% to 9.84 lakh units while the commercial vehicle sales fell by 11% to 1.89 lakh units during the stated period.

Meanwhile, the S&P BSE Sensex was up 153 points or 0.39% to 39117.14.

On the BSE, 45,342 shares were traded in the counter so far compared with average daily volumes of 17,463 shares in the past two weeks. The stock hit a high of Rs 3217.1 and a low of Rs 3095.8 so far during the day.

The stock hit a 52-week high of Rs 3217.1 on 23 Oct 2019. The stock hit a 52-week low of Rs 2400 on 29 Jul 2019.

Bajaj Auto is a global two-wheeler company and three-wheeler manufacturing company based in Pune, Maharashtra. It manufactures motorcycles, scooters and auto rickshaws.

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