The two-wheeler major's consolidated net profit rose 8.32% to Rs 1,322.44 crore on a 1.99% rise in total income to Rs 8,005.88 crore in Q3 December 2019 over Q3 December 2018.
Consolidated profit before tax (PBT) advanced 3.22% to Rs 1,732.12 crore in Q3 December 2019 as against Rs 1,677.99 crore in Q3 December 2018. Tax expense during the quarter fell 10.39% to Rs 409.68 crore as compared to Rs 457.22 crore in corresponding quarter last year. The Q3 earnings were disclosed during trading hours today, 30 January 2020.
On a standalone basis, profit after tax rose 15% to 1262 crore while revenue from operations rose 3% to 7640 crore year-on-year (YoY). EBITDA jumped 13% to Rs 1,406 crore in Q3 December 2019 over Rs 1,239 crore in Q3 December 2018. EBITDA margin stood at 18.4% in Q3 December 2019 as compared to 16.7% in Q3 December 2018.
The operation profit soared 15% to Rs 1,344 crore in Q3 December 2019 as against Rs 1,172 crore in Q3 December 2018. As of 31 December 2019, cash and cash equivalents stood at Rs 17,407 crore as against Rs 15,986 crore as on 30 September 2019.
Bajaj Auto's domestic volumes fell 13% to 6.39 lakh units in Q3 December 2019 as compared to 7.35 lakh units in Q3 December 2018. Exports grew 7% to 5.62 lakh units in Q3 December 2019 as against 5.24 lakh units in Q3 December 2019. Total volumes fell 5% to 12.02 lakh units in Q3 December 2019 over 12.59 lakh units in Q3 December 2018.
Bajaj Auto manufactures motorcycles, three-wheelers and parts. The firm's business segments include automotive, investments and others.
Shares of Bajaj Auto rose 1.64% to Rs 3,141.90 on BSE. It hit a high of Rs 3,171.15 and a low of Rs 3,043.25 in intraday so far.
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