Domestic two- and three-wheeler manufacturer, Baja Auto, today announced its financial results for Q4 and FY2016. The company posted its highest ever profit after tax (PAT) of Rs 3,652 crore in FY2016, 30% more than the previous fiscal when it posted a PAT of Rs 2,814 crore.
Moreover, the company’s turnover in FY2016 was Rs 23,601 crore, 6% more than the previous fiscal when it was Rs 22,194 crore.
Meanwhile, the PAT for Q4 amounted to Rs 803 crore, up 29% than the same period last year (Rs 622 crore). For the same quarter, Bajaj Auto’s turnover was Rs 5,536 crore, 13% more than Rs 4,894 in Q4-FY2015.
Domestic motorcycle sales
In terms of sales, the company sold a total of 38,93,581 units in FY2016, which included 5,35,329 commercial vehicles. The company’s Pulsar and Avenger brands posted a combined growth of 8%, helping it to improve the premium motorcycle market share to 47% in FY2016.
In the Super Sports segment, Bajaj-owned KTM along-with the newly launches RS200 helped the company achieve a market share of 60%, up 25 percentage points from the previous fiscal.
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Bajaj’s CT and Platina bikes further helped the company achieve a market share of 35% in the ‘price segment’. Moreover, the company’s V15 model has also sold a total of 10,000 units since its launch earlier this year. Overall the company’s market share in the domestic motorcycle segment for FY2016 stood at 19%.
Bajaj Auto recorded a growth of 9% in the domestic three wheeler market as against an industry growth of 1%. Consequently, share in the domestic market for three-wheelers improved by 300 bps, from 44% in FY15 to over 47% in FY16.
The company’s international motorcycle volumes fell by 4.1% to 1.46 million units while three-wheeler volumes fell by 1.6% to 280,000 units. The negative blip is mainly due to poor economic conditions and severe foreign currency constraints in some of the key importing countries.
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