InvestorQ : How did you read the quarterly results of Bajaj Auto for Q2FY23?
prachi Patwardhan made post

How did you read the quarterly results of Bajaj Auto for Q2FY23?

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sara Kunju answered.
1 month ago
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For the Q2FY23 quarter, Bajaj Auto reported 16.44% higher sales revenues at Rs10,203cr o consolidate basis. Domestic volumes across 2 wheelers and 3 wheelers doubled. The strong domestic market growth cushioned the weak exports due to global headwinds. Domestic volumes of 2-wheelers were up 27% and CVs were up 66%; but exports shrank across both categories. Here is a gist of financials.

 

Bajaj Auto

 

 

 

 

Rs in Crore

Sep-22

Sep-21

YOY

Jun-22

QOQ

Total Income (Rs cr)

₹ 10,203

₹ 8,762

16.44%

₹ 8,005

27.46%

Operating Profit (Rs cr)

₹ 2,214

₹ 2,419

-8.47%

₹ 1,538

43.92%

Net Profit (Rs cr)

₹ 1,719

₹ 2,040

-15.71%

₹ 1,163

47.80%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 60.10

₹ 70.50

 

₹ 40.20

 

OPM

21.70%

27.61%

 

19.22%

 

Net Margins

16.85%

23.28%

 

14.53%

 

 

Now for profit story. PAT for Q2FY23 fell -15.71% at Rs1,719cr, but that was largely due to exceptional inflow from the Maharashtra state government as incentive of Rs501 crore under PLI scheme. Input costs put pressure on the bottom line while weak export show also made an impact. PAT margins at 16.85% in Q2FY23 were lower than 23.28% last year but better than 14.53% in June 2022 quarter.

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