News24
New Delhi (Anish Yande): Shares of Bajaj Auto were on the rise, following the strong quarterly earnings in the October-December quarter. The Pune-based automobile maker recorded an increase in revenue from operations to Rs 8,910 crore in the quarter, an increase of 17 percent.
The automobile maker recorded its highest profit in a single quarter till now within the automobile industry in India.
Earnings of Bajaj Auto in the recent quarter:
The net profit of Bajaj Auto has been recorded at Rs 1,556 crore for the quarter ended December 31, 2020. The net profit rose by 23.4 percent on a year-on-year basis. The operating margin of Bajaj Auto in the December quarter is at 19.8 percent in the recent quarter. The operating margin of the automobile company in the previous quarter is at 18.3 percent.
The turnover of Bajaj Auto in the December quarter rose to Rs 9,279 crore with an increase of 16 percent. The turnover for Bajaj Auto surpassed the Rs 9,000-crore mark and was the highest turnover recorded in the company's December quarter.
The Earnings before interest, tax, depreciation, and amortization (EBITDA) rose to Rs 1,730 crore by 26 percent. The EBITDA margin rose to 19,4 percent by 150 bps. The company exports rose to 6,87,000 units in the December quarter.
Market shares of Bajaj Auto increase:
The market share of Bajaj Auto rose to 18.6% during the December quarter. Meanwhile, the market share of Bajaj Auto in the September quarter was at 17.5% in the September quarter. The company also achieved record figures for vehicle exports with sales of upto 6,87,000 units during the December quarter.
Bajaj Auto reported an increase in sales for its vehicles such as Pulsar, KTM, Dominar, and Husqvarna. Pulsar range of bikes, one of the most popular bikes in the market, recorded a sale of more than 4,20,000 units.
The Pulsar 125 cc bikes are being increasingly preferred by consumers, Bajaj Auto reported. The sales of Pulsar 125 rose to 1,64,000 units by 32 percent. The market share of Pulsar 125 cc bikes rose to 22 percent in the December quarter.
Image Credit: Google and Bajaj Auto
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