Bajaj Auto posts net profit of Rs. 1,112 crore in Q2, down 1% YoY
The company’s EBITDA came in at Rs 1,383 crore or 20.8 percent compared to 22.3 percent for the same period last year.
Pune-based two-wheeler and commercial vehicle manufacturer Bajaj Auto has clocked revenue of Rs 6,863 crore during Q2 of the current financial year. The figure, highest-ever for the company, is an increase of 1 percent over the previous year . The company’s net profit, though, dropped 1 percent to Rs 1,112 crore (Q2FY17: Rs 1,123 crore).
The company’s EBITDA came in at Rs 1,383 crore or 20.8 percent compared to 22.3 percent for the same period last year.
In the quarter ended September, 2017, the company sold 583,997 two-wheelers (+1% YoY), and 84,938 commercial vehicles (+14% YoY), witnessing total domestic sales 668,935 units (+2% YoY).
The company exported a total of 402,575 units (2W: 334,724 units, Cvs: 67,851), an increase of 6 percent. As per the company, 41 percent or 428,752 units of its Q2 FY18 sales, were sold in September.
RELATED ARTICLES
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
The Noida-headquartered company, which is a leading manufacturer of roof liners, floor carpets, sound insulation materia...
Ford to build more EV software capability at Chennai tech hub
Ford Business Solutions India, which currently employs 12,000 personnel set to add 3,000 more; Ford, which is known to b...
ASK Automotive to set up JV with Aisin to sell aftermarket parts for cars
Ask Automotive will have 51% of the equity of the joint venture to be set up with Aisin Asia (Thailand) Company and Aisi...