Q1FY23 Quarterly Result Announced for Bajaj Auto Ltd.
Bajaj Auto Announced Q1FY23 Result : Resilient revenue and strong margin improvement in a challenging operating context Revenue from operations at Rs.8,005 crores, was up 8% YoY led by pricing and mix EBITDA grew at 15% YoY, with margin improving by 100 bps despite supply constraints, cost headwinds and a weak macro-economic context. Judicious price increases, better foreign exchange realization and a favorable mix offset the material cost inflation and enabled margin improvement. A significant milestone was delivered on the commitment to invest in the EV business - a new state-of- the-art plant was commissioned under Chetak Technology Limited in June 2022 A strong track record of cash generation was sustained; surplus cash stood at Rs 20,509 crores as on 30th June 2022 (vs. Rs 19,090 crores as on 31st March 2022) Given the confidence on the cash generating ability and strong Balance Sheet position announced a buyback of equity shares upto Rs 2,500 crores under the open market through the stock exchange route Result PDF26-07-2022