Bajaj Auto on Wednesday reported a ten% year-on-year development in internet revenue for the three months to March at `1,469 crore whilst revenues from operations declined 7% y-o-y to `7,975 crore. The better-than-expected numbers have been the results of a greater product combine and good realisations.
The Bajaj Auto inventory closed at `3,898.60 apiece on the NSE on Wednesday, barely above Tuesday’s shut.
The two-wheeler producer reported an working revenue margin of 17.5% for Q4FY22, down from 18.1% in Q4FY21, a compression of 60 foundation factors. However, the margins have been a lot better than the 15.6% registered in Q3FY22.
The sequential growth in margins has been attributed to raised realisations, an improved gross sales combine and a beneficial forex influence. The common promoting value (ASP) of Bajaj Auto’s autos went up by 10% to `79,129 in Q4FY22 from `71,925 in Q4FY21. In the December quarter, the ASP was `74,537.
The firm’s Ebitda (earnings earlier than curiosity tax, depreciation and amortisation) got here in at `1,396 crore, a fall of 10% y-o-y.
Bajaj Auto’s gross sales volumes dropped 17% to 976,651 items throughout the March quarter as extreme provide chain challenges hit manufacturing of each bikes and business autos. Demand for two-wheelers has been weak as a consequence of excessive possession prices and rising gas prices.
The firm’s market share within the home bike market stood at 18.2% for FY22, whereas within the CV market the share was 62%, pushed by a superb development in gross sales.
Exports at over $2 billion contributed 52% to internet gross sales, the corporate stated, including that the worldwide enterprise had recorded its highest-ever gross sales of two.5 million items throughout FY22.
Bajaj Auto has ended FY22 with a 19% y-o-y development in revenues from operations of `33,145 crore. The revenue after tax rose 10% y-o-y to `5,015 crore, whereas Ebitda elevated by 6% to `5,389 crore. The complete volumes rose by 8% to 4.3 million items, although the volumes for two-wheelers slipped 30% within the residence market.
Source: www.financialexpress.com”