Bajaj Auto Ltd: Q1FY18 Results
DSIJ Intelligence / 20 Jul 2017
The company’s consolidated revenue grew 12.3% QoQ to Rs 5854.19 crore for the first quarter of FY2017-18, while its EBITDA grew 3.3% to Rs. 1031.61 QoQ from Rs 982 crore for the previous quarter.
Bajaj Auto Ltd reported its financial results for the quarter ended June 30, 2017.
The company’s consolidated revenue grew 12.3% QoQ to Rs 5854.19 crore for the first quarter of FY2017-18, while its EBITDA grew 3.3% to Rs. 1031.61 QoQ from Rs 982 crore for the previous quarter.
However, the company's net profit for the quarter declined 3% QoQ to Rs 836.74 crore. Also, EBITDA margin for the quarter declined 180bps to 17%. This is primarily attributable to impact on domestic business on account of transition to GST and ban on BS-III vehicles and changeover to BS-IV vehicles.
Sales volume for the quarter showed a 13% growth to 8,88,434 units.
Bajaj Auto Ltd, a part of Bajaj group, is an Indian two-wheeler and three-wheeler vehicle manufacturing company. Its business verticals comprises of international business, commercial vehicles, KTM and motorcycles.
The stock opened at Rs 2817.1 and closed at Rs. 2818.65. It touched intra-day high of Rs 2855.
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