Bajaj Auto

By Research Desk
about 9 years ago
Bajaj Auto

 

The market ignored the 5% (YoY) drop in net profit at Rs.861 crore, maintaining a positive mood on the counter, hoping that the lower interest rate cycle will push demand in the coming months. In fact it owes its EBITDA margin widening, from 20.2% t0 21.1% mainly on the back of a good export performance. On the other hand, domestic motorcycle sales fell 13.5%. Of the total 984,520 two and three wheelers, exports accounted for 490,000 units, which is almost 50% of total units sold. The growth in net sales was 10% at Rs.5520 crore. The fall in net profit can be attributed to the substantial fall in other income, down 78% but otherwise, the operational performance is good.

In Motorcycles, there was a growth of 9% with Pulsar continuing to enjoy a market leadership with a 45% market share. Platina has a 21% market share. In three-wheelers also, it remains a market leader with 42% market share and 87% in domestic alternate fuel passenger carrier segment. Cash and cash equivalents as on 31st December 2014 stood at Rs.7,568 crore as against Rs.8,313 crore as on 30th September 2014. 

9144.90 (-26.50)

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