Thursday, October 28, 2021

Bajaj Auto Net Profit Rises 12% in Q2 | Analysis & outlook

    


Bajaj Auto Net Profit Rises 12% To ₹ 1,275 Crore In September Quarter

Bajaj Auto Q2 Results: Revenue from operations in the second quarter of the current fiscal stood at ₹ 8.762 crore, compared to ₹ 7,155 crore, registering a growth 22 per cent year-on-year


Bajaj  Auto announced its July-September quarter results for the financial year 2021-22, reporting a net profit of  1,275 crore on a standalone basis, compared to  1,138 crore in the corresponding period last year, marking a growth of 14 per cent year-on-year.

The two-wheeler major's revenue from operations in the second quarter of the current fiscal stood at ₹ 8.762 crore, compared to ₹ 7,155 crore, registering a growth 22 per cent year-on-year, according to a regulatory filing to the stock exchanges today.

The company's total income in the September quarter stood at ₹ 9080.5 crore, compared to ₹ 7,441.66 in the corresponding quarter last year. The earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹ 1,434 crore, up 10 per cent year-on-year, compared to Rs 1,300 crore in the year-ago period. 


Stock Outlook

Stock can correct to the levels of 3600 in short term , but overall satisfactory for long term with average upside potential, not outperformer.


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