Bajaj Auto in Q1 posts ordinary results

Bajaj Auto on July 27 has declared its Q1FY17 results. Company has managed to post marginally better results. Net Profits for Q1FY17 stand at Rs 978.37 crores, which have increased by 2 per cent. Total income from operation stands at Rs 6088.75 crores, which has increased by 4 per cent, in Q1FY17. Total income from operation stands at Rs 5881 crores. Net profit stands at Rs 978.37 crores in Q1FY17 which has increased by 2 per cent.

In Q1FY17, domestic motorcycle sales of the company have grown by 13 per cent as against industry growth of 9 per cent. Pulsar and Avenger combined together have recorded a growth of 20 per cent while the segment growth for the industry stands at 13 per cent. KTM has registered a growth of 23 per cent.

Company in a press release said that exports of Bajaj Auto have grown from 3,32,500 units in the last quarter of FY16 to 3,70,600 units in Q1FY17. The company has exported 4,76,000 units in the first quarter of the previous financial year i.e. Q1FY16.

The shares of the company on July 27 are fairly positive. The shares of the company closed at Rs 2668.75, marginally down by 0.05 per cent. Shares' 52-week High/Low stands at Rs 2801.05/2133.15. Shares in the last 3 months have given a return of 5 per cent.

Bajaj Auto Ltd., is an Indian company engaged in manufacturing of automobiles i.e. two wheeler bikes and scooters and commercial three wheelers. It has in all three plants located in Waluj, Chakan and Pant Nagar.