Bajaj Auto crosses Rs 10,000-crore revenue mark in Q2 as local sales double
The manufacturer of the Pulsar and Platina motorcycles sold almost 1.2 million vehicles during the quarter, 23% more than the preceding quarter and 1% higher than a year earlier. Domestic sales almost doubled quarter-on-quarter to more than 694,000 units. Exports declined 21% sequentially to 581,000 units as the global economy faces headwinds.
Q2FY23 Quarterly Result Announced for Bajaj Auto Ltd.
Bajaj Auto announced Q2FY23 result : At Rs.10,203 crores, quarterly revenue from operations surpasses the Rs.10,000 crores milestone for the first time. Growth of 16% YoY and 27% QoQ, aided by the recovery of volumes on the improvement of semi-conductor supplies Highest ever quarterly EBITDA registered at Rs.1,759 crores, a strong growth of 26% YoY and 36% QoQ Margin up +100 bps, led by judicious price increases, dynamic cost management and better foreign exchange realisation Domestic volumes nearly double over previous quarter across both 2Ws and 3Ws; helps cushion the drop in exports arising from deteriorating macros in overseas markets Reflection of the company's balanced and diversified portfolio that enables resilience in performance Steady progress is being made on building EV portfolio - Chetak 2W sales volume and footprint scaling up Chetak 2W exit run rate up -2X over previous quarter average - continued emphasis on unlocking supply constraints Strong track record of cash generation sustained - Rs.2,450 crores of operating cash flows added in the first half of the year Surplus funds of Rs.15,538 crores at 30 Sept 2022, post-pay-outs of almost Rs.7,000 crores towards dividend and buyback Result PDF BAJAJ AUTO LTD. - 532977 - Board Meeting Outcome for Unaudited Financial Results For The Quarter And Half-Year Ended 30 September 2022
The meeting commenced at 12.00 Noon and concluded at 4.00 p.m. BAJAJ AUTO LTD. - 532977 - Unaudited Financial Results For The Quarter And Half-Year Ended 30 September 2022
In terms of the provisions of Regulations 30 (read with Part A of Schedule Ill) and 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, we enclose the following statements for the quarter and half-year ended 30 September 2022, which were approved and taken on record by the board of directors at its meeting held today i.e. on 14 October 2022: a)Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended 30 September 2022; b)Limited Review Reports (separately for Standalone & Consolidated) for the quarter and half-year ended 30 September 2022; and c)Press Release. BAJAJ AUTO LTD. - 532977 - Announcement under Regulation 30 (LODR)-Post Buyback Public Announcement
Newspaper advertisement dated 13 October 2022, published in Financial Express (All editions), Jansatta (Hindi All editions) and Loksatta (Marathi Pune edition) on 14 October 2022 is attached.
Bajaj Auto Q2 preview: Ebitda may rise up to 34% YoY, margins seen flat
Bajaj Auto Q2: Brokerages tracking the company expect it to report a double digit sequential growth in net profit on the back of healthy volume-based sales during the quarter BAJAJ AUTO LTD. - 532977 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30 read with Schedule Ill to the SEBI Listing Regulations, 2015, the schedule of the analyst/institutional investor meetings is attached.
Bajaj Auto Q2 PAT seen up 9.2% YoY to Rs. 1,391.3 cr: Prabhudas Lilladher
Net Sales are expected to increase by 10.4 percent Y-o-Y (up 20.9 percent Q-o-Q) to Rs. 9,675.1 crore, according to Prabhudas Lilladher.
Bajaj Auto buys back shares worth Rs 2,499.97 cr
The company's board at its meeting held on June 27, 2022 had approved the proposal for buyback of the fully paid up equity shares of face value of Rs 10 each from existing shareholders except promoters, promoter group and persons in control of the company from open market at a price not exceeding Rs 4,600 per share. BAJAJ AUTO LTD. - 532977 - Announcement under Regulation 30 (LODR)-Closure of Buy Back
The Buyback Committee of the Company, at its meeting held today, has approved the completion and closure of the Buyback from today, i.e. 10 October 2022, i.e. before the expiry of six months from the Commencement Date.