Bajaj Corp's Profits Grow In Q4FY13
Suparna / 03 May 2013
Bajaj Corp has reported good results for Q4FY13, with an improvement seen in its topline, bottomline and margins. Lower raw material costs helped the company boost its profits.
Bajaj Corp, the makers of Bajaj Almond Drops Hair Oil, has come out with its results for Q4FY13. The topline has witnessed a growth of 25.32% on a YoY basis to stand at Rs 183.70 crore for Q4FY13, as against Rs 146.59 crore for Q4FY12. There has been a significant rise in the EBITDA levels, with the margins expanding by 508 basis points on a YoY basis to come in at Rs 51.90 crore for the elapsed quarter. The PAT grew considerably by 44.36% to touch Rs 49.15 crore as against Rs 34.05 crore for Q4FY12.
There has been a significant improvement in the bottomline, which is primarily driven by lower raw material costs as a percentage of sales. For Q4FY13, the cost of raw materials consumed as a percentage of sales were at 35.72% against 42.76% for the same period last year. The drop in commodity prices helped the company to lower its raw material cost.
Following the results, the share price of the company moved up and closed 1.97% higher at Rs 253.25. The share price of the company is currently trading a PE of 22x, which looks attractive as compared to that of other FMCG companies, which are trading at a PE of over 30x.
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