- Highest ever Turnover – ` 6,774 crore
- Highest ever Profit after tax – ` 1,123 crore
- Consolidated Profit after tax crosses ` 1,200 crore, first time ever
A meeting of the Board of Directors of Bajaj Auto Limited was held today to consider and approve the results for Q2 / FY17.
Bajaj Auto once again delivers its best ever Quarterly and Half yearly results.
It recorded its
— Highest ever * Q2 / FY17 H1 / FY17
Turnover : ` 6,774 crore ` 13,130 crore
Operating EBITDA : ` 1,364 crore ` 2,591 crore
Operating Profit : ` 1,277 crore ` 2,423 crore
Profit before tax : ` 1,561 crore ` 2,926 crore
Profit after tax : ` 1,123 crore ` 2,101 crore
— Operating EBITDA margin at 22.3% 21.8%
The consolidated Profit after tax, too, was the highest ever – ` 1,201 crore for Q2 / FY17 and ` 2,240 crore for H1 / FY17.
2. Motorcycle market ( domestic )
— Motorcycle sales in the domestic market grew by 23% in Q2 / FY17 as against an industry growth of 17%.
— As a result, share in domestic market improved by ~130 bps
CT100 and Platina sold over 251,000 units in Q2 / FY17; market share ~35%.
Sales for the newly launched “ V15 ” cross 1.6 lakh units from the date of its launch; sold over 61,000 units in Q2 / FY17.
Pulsars, along with the recently launched Avengers, sold over 231,000 units in Q2 / FY17, a growth of 28% over Q2 / FY16.
KTM, along with Ninja, recorded a growth of 16% in Q2 / FY17.
3. Commercial vehicles ( domestic )
— Sale of 149,587 units in H1 / FY17 is the highest ever
— Commercial vehicles sales grew by 11% in Q2 / FY17 as against industry growth of 6%
— Continues to be a market leader; overall share in domestic market is ~52% as against 47% in FY16
- Dominant share in domestic market in the In-city category; ~89%
- Market leader in small diesel carriers; share in domestic market at ~71%
- Share in domestic market of big diesel carriers at ~23%
4. International business
Headwind continued in international markets
However, Company continues to maintain significant market share in major international markets
— Sequentially, export volumes increased from ~370,000 units in Q1 / FY17 to over 378,000 units in Q2 / FY17
— For Q2 / FY17, the average realization was ` 67.1 / USD as against ` 65.2 / USD in Q2 / FY16 and ` 65.5 / USD in FY16
— Despite a slowdown in exports, Company improved its operating EBITDA margin from 21.2% in Q1 / FY17 to 22.3% in Q2 / FY17.
This was achieved due to a richer product mix, especially for domestic market
— Standalone profit before tax was ` 1,561 crore v/s ` 1,506 crore in Q2 / FY16 – Highest ever
Profit after tax stood at ` 1,123 crore v/s ` 1,052 crore in Q2 / FY16 – Highest ever
— Consolidated profit after tax increased to ` 1,201 crore as against ` 1,120 crore in Q2 / FY16; Highest ever
6. Cash and cash equivalents
As on 30th September 2016, surplus cash and cash equivalents stood at ` 11,398 crore as against ` 10,701 crore as on 30th June 2016