Bajaj Auto gains in volatile trade after declaring Q3 result

Bajaj Auto rose 1.71% to Rs 2,404 at 13:40 IST on BSE in volatile trade after the company declared its Q3 December 2014 result during market hours today, 15 January 2015.

Meanwhile, the S&P BSE Sensex was up 691.56 points or 2.53% at 28,038.38

On BSE, so far 70,707 shares were traded in the counter as against average daily volume of 26,887 shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 2,435 and a low of Rs 2,359.25 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 1,796 on 4 February 2014.

The stock had underperformed the market over the past one month till 14 January 2015, falling 6.34% compared with 0.01% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.93% as against Sensex's 3.79% rise.

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

Bajaj Auto reported 4.78% fall in net profit to Rs 861.24 crore on 10.24% rise in total income from operations (net) to Rs 5657.17 crore in Q3 December 2014 over Q3 December 2013.

The company's operating earnings before interest, taxes, depreciation and amortization (EBITDA) before mark-to-market loss and CSR spends rose 9.89% to Rs 1200 crore in Q3 December 2014 over Q3 December 2013. Operating EBITDA margin before mark-to-market (MTM) gain/loss stood at 21.1% in Q3 December 2014, remaining steady from 21.1% in Q3 December 2013.

Total vehicles sales fell 0.92% to 9.84 lakh units in Q3 December 2014 over Q3 December 2013.

The company's cash and cash equivalents as on 31 December 2014 stood at Rs 7568 crore as against Rs 8313 crore as on 30 September 2014.

Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.

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