Bajaj Auto's profit before tax plunges by 57% in Q1 as coronavirus bites

Pandemic induced lockdown saw volumes fall 65%, revenue decline by 60%

The pandemic-induced lockdown dented the first quarter (Q1) earnings at Bajaj Auto over the year-ago period, with volume revenue and profits declining 60 per cent. However, low fixed costs and better export realisations helped cushion the impact of operations on its margins.

Dragged down by poor volumes, which came on the back of a total shutdown in April and partial resumption of operations in May and June, profit before tax (PBT) and profit after tax (PAT) at the Pune-based firm more than halved to Rs 682 crore and Rs 528 crore, respectively, in the June quarter, against Rs 1,579 crore and