Q4FY24 Quarterly & FY24 Annual Result Announced for Bajaj Auto Ltd.
Automobiles company Bajaj Auto announced Q4FY24 & FY24 results: FY24 Financial Highlights: Revenue: Achieved an all-time high of Rs 44,685 crore, marking a 23% YoY increase due to record sales in both vehicles and spares. EBITDA: Hit the highest ever at Rs 8,825 crore, representing a significant rise of 35% YoY. Profit After Tax (PAT): Peaked at Rs 7,479 crore. EBITDA Margin: Improved by 180 basis points to 19.7%. Domestic Business: Sustained momentum led to the largest revenue with double-digit growth. Exports: Closed the year flat amidst challenging global market conditions. Domestic Motorcycles: Achieved market leadership in the 125cc+ segment, growing 8X versus industry growth. Premium Portfolio: KTM had its biggest year, with Triumph adding strength since launch. Commercial Vehicles: Surged ahead with historic high volumes, growing over 50% YoY. Chetak Electric Vehicles: Grew 3X YoY and became the third player in the segment. Cash Flow: Almost Rs 6,600 crore of Free Cash Flow was generated, an increase of around 45% YoY. Final Dividend: The Board of Directors recommended a final dividend of Rs 80 per share, totaling about Rs 2,233 crore. Q4FY24 Financial Highlights: Quarterly Revenue: Grew by 29% YoY to Rs 11,485 crore. EBITDA: The quarter at 2,307 crore grew 34% YoY, with a margin of 20.1%. PAT: Rose to Rs 1,936 crore, a 35% increase YoY. Domestic Motorcycles: The 125cc+ segment continued to gain market share. Commercial Vehicles: Maintained growth with e3Ws expanding rapidly. Chetak Electric Vehicles: Recorded the highest quarterly volume sold. Exports: Revenue grew by double digits YoY with flatter volume. Triumph: Continued to gain momentum with 18,800 units delivered this quarter. Result PDF18-04-2024
