Hot Pursuit     18-Oct-23
Bajaj Auto Q2 PAT climbs 20% YoY to Rs 1,836 cr
Bajaj Auto reported 20.01% jump in standalone net profit to Rs 1,836.14 crore in Q2 FY24 as compared with Rs 1,530 crore in Q2 FY23.
Revenue from operations rose 5.63% YoY to Rs 10,777.27 crore in Q2 FY24, Underpinned by double digit volume growth, with the sustained buoyancy on the domestic front cushioning the weak, albeit improving exports performance.

During the quarter, EBITDA stood at Rs 2,133 crore, registering the growth of 21% YoY. EBITDA margin expanded 260 Bps to 19.8% YoY, , driven by better realisation and a richer product mix, which more than covered the drag arising from investments on growing electric scooters.

The company's total auto sales fell 8% to 10,53,953 units in Q2 FY24 over Q2 FY23. During the said period, domestic sales shed 8% while exports slipped 9%.

On consolidated basis, the company's net profit jumped 17.48% to Rs 2020.05 crore on 6.23% increase in net sales to Rs 10,838.24 crore in Q2 FY24 over Q2 FY23.

Bajaj Auto is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof.

The scrip rose 0.06% to end at Rs 5,143.80 on the BSE.

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