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The revenue growth was led by the acceleration on the domestic business, which on the back of sharp execution and impactful activation during the festive season, cushioned the relatively subdued albeit recovering export sales amidst continued challenges in overseas markets
The company reported its highest ever quarterly EBITDA at Rs 2,430 crore, registering the growth of 37% YoY. EBITDA margin expanded 100 bps to 20.1% YoY, driven by better realisations, dynamic cost management and operating leverage which more than absorbed the drag from competitive investments on growing scale on electric scooters.
The company's total auto sales grew 22% to 12,00,997 units in Q3 FY24 over Q3 FY23. During the said period, domestic sales surged 43% while exports shed 4%.
On consolidated basis, the company's net profit increased 38.02% to Rs 2,032.62 crore on 30.55% rise in revenue from operations to Rs 12,165.33 crore in Q3 FY24 over Q3 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 advanced 1.70% to end at Rs 7,211.40 on the BSE.
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