Bajaj Auto's quarterly net profit crosses Rs 1,000 crore

Bajaj Auto has reported a profit after tax of Rs 1,015 crore during Q1 of 2015-16, a 37 percent growth over Q1 of 2014-15.

This is the first time the company's PAT has crossed the Rs 1,000 crore mark in a quarter. Turnover during the April-June 2015 quarter stood at Rs 6,050 crore, a 11 percent year-on-year growth. Revenue from exports grew 17 percent to touch Rs 2,634 crore. With exports of over 389,000 motorcycles and 87,000 three-wheelers, Bajaj Auto's international business now contributes to around 47 percent of the company's net sales.

During the April-June quarter, Bajaj Auto sold 875,000 motorcycles in domestic and export markets. In a press statement, the company says that its strategy to build its 'dominance' in the sports and super-sports segments have yielded good results.

The Pulsar RS 200, launched in March this year, sold around 7,000 units during the quarter. In the entry level segment the new CT 100 commuter bike, launched in February this year, has sold over 173,000 units in Q1 and has entered the group of 5 best-selling models in India. The Platina sold around 80,000 units during the quarter.

The new launches have helped Bajaj Auto increase its market share in the domestic motorcycle market to 18 percent now. The market share during Q1 of 2014-15 stood at 15 percent.

In the commercial three-wheeler business, Bajaj Auto sold 138,000 units in domestic and export markets during Q1. Exports contributed to over 60 percent of the business.

The operating EBITDA margin of the company was 21.1 percent during the April-June period against 19.7 percent during the same period of last year.

Also read: Bajaj Auto sales recover after 8 months, CT100 top seller