Strong order book to make FY22 a record year for exports: Bajaj Auto

Q4 earnings got a boost from higher realisation of exports and larger contribution of pricier models in overall sales

Shally Seth Mohile Mumbai
Bajaj Auto

Bajaj Auto expects FY22 to be a record year for the company’s exports. The maker of Pulsar and Discover models has a strong order book for overseas markets, and will serve to the alleviate the pain inflicted Covid-induced disruptions.
Net profit for the March quarter rose 2 per cent, while revenue from operations jumped 26 per cent, the company said in a statement. Earnings got a boost from higher realisation of exports and higher contribution of pricier models to sales.
“Assuming there are no more ‘Black Swan’ events and no second or third wave globally, FY22 will be a record year for exports. FY20 was our best year, and I think we will beat that,” said Rakesh Sharma, executive director of Bajaj Auto. Close to 75 per cent of it will be driven by Africa, LatAm and West Asia. 
Net profit during the three-month period rose to Rs 1,332 crore against Rs 1,310 crore last year, while net revenue

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First Published: Apr 29 2021 | 6:31 PM IST

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