Bajaj Auto's Q2 net rises 12% on strong exports, beats estimates

Bajaj Auto's (excluding subsidiary) net profit rose 12 per cent year-on-year (YoY) for the July-September quarter, led by robust exports of motorcycles and three-wheelers and an improved product mix. However, a steep increase in raw material prices singed the company's margins in the three-month period over the corresponding quarter. The earnings beat the estimates (E).
 
Net profit at the Pune-based automotive firm rose to Rs 1,275 crore in the second quarter (Q2) of 2021-22 (FY22), against Rs 1,138 crore in the year-ago period. Net sales in the same period rose 22 per cent to Rs 8,762 crore, from Rs 7,156 crore in the corresponding quarter, the company said in a stock exchange filing.