Bajaj Auto gains after declaring Q2 result

Bajaj Auto rose 3.23% to Rs 2,517.10 at 14:03 IST on BSE after net profit surged 57.9% to Rs 933.06 crore on 2.85% growth in total income to Rs 6250.42 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during market hours today, 21 October 2015.

Meanwhile, the S&P BSE Sensex was down 54 points or 0.2% at 27,252.83

On BSE, so far 87,333 shares were traded in the counter as against average daily volume of 31,395 shares in the past one quarter.

The stock hit a high of Rs 2,535 and a low of Rs 2,435 so far during the day. The stock had hit a record high of Rs 2,690 on 24 November 2014. The stock had 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 20 October 2015, rising 6.28% compared with 4.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, falling 3.22% as against Sensex's 3.92% decline.

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

Bajaj Auto's Q2 September 2014 net profit was hit by an exceptional item of Rs 340.29 crore on account of the payout of National Calamity Contingent Duty (NCCD).

Bajaj Auto's operating EBITDA (earnings before interest, taxation, depreciation and amortization) (before mark-to-market (MTM) gain/loss) rose 8.73% to Rs 1357 crore in Q2 September 2015 over Q2 September 2014. Operating EBITDA margin (before mark-to-market (MTM) gain/loss) improved to 22.1% in Q2 September 2015 as against 20.8% in Q2 September 2014. Sales rose 0.09% to 10.56 lakh units in Q2 September 2015 over Q2 September 2014.

Bajaj Auto said that in an overall challenging business environment, especially in the domestic motorcycle industry, the company has delivered its best ever performance.

Bajaj Auto's cash and cash equivalents stood at Rs 10234 crore as on 30 June 2015.

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

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