Bajaj Corp's Profits Grow In June Quarter
DSIJ Intelligence / 02 Aug 2013
The topline and bottomline both moved up strongly, the latter driven by lower raw material costs. The EBITDA margins, however, remained almost flat.
The maker of Almond Drops and Kailash Parbat hair oils, Bajaj Corp has announced its results for Q1FY14. During the quarter, the topline has witnessed a growth of 23.18% on a YoY basis to stand at Rs 170.05 crore as against that of Rs 138.05 crore during the same quarter last fiscal. The EBITDA margins have remained almost flat at 28.37%, marking an improvement of a mere 18 basis points on a YoY basis. The PAT grew considerably by 24.96% to touch Rs 47.01 crore as against Rs 37.62 crore for Q1FY13.
There has been a significant improvement in the bottomline, which was primarily driven by lower raw material costs as a percentage of sales. The cost of raw materials consumed as a percentage of sales were at 31.34% against 36.57% for the same period last year, a drop of 523 basis points. The drop in commodity prices helped the company to lower its raw material costs.
Following the results, the share price of the company moved up and closed 3.27% higher on the BSE at Rs 247.
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