Two-wheeler manufacturer Bajaj Auto has reported a 6.7 per centum growth inward minute quarter lucre at Rs 1,122 crore on yearly basis, largely driven by other income.
Revenue during the quarter increased entirely 0.4 per centum to Rs 6,432 crore due to tepid sales book growth land revenue excluding excise duty roughshod to Rs 6,054 crore from Rs 6,079 crore YoY.
Bajaj Auto sold 10.3 lakh units inward Q2FY17, registering a 2.3 per centum degrowth compared alongside 10.56 lakh units sold inward Q2FY16, striking past times large autumn in export markets similar Nigeria as well as Egypt.
The fellowship underperformed its peers inward sales book term equally Hero Motocorp as well as TVS Motor showed sixteen per centum as well as xx per centum growth inward Q2 sales volumes, respectively. Its exports roughshod 27.3 per centum YoY to 3.78 lakh units as well as three-wheeler volumes declined 12.3 per centum YoY to 1.34 lakh units while domestic book growth was silvery lining, upward 23 per centum to 6.53 lakh units.
Bajaj Auto said domestic motorbike marketplace seat portion improved past times merely about 130 Blue Planet points but headwind continued inward international markets. Other income grew past times 27.6 per centum to Rs 342 crore compared alongside year-ago period.
Numbers were slightly ahead of analysts' estimates. Profit was estimated at Rs 1,020 crore on revenue of Rs 6,103 crore for the quarter, according to analysts polled past times CNBC-TV18.
EBITDA (earnings earlier interest, tax, depreciation as well as amortisation) declined 1.6 per centum to Rs 1,296 crore as well as margin contracted xx Blue Planet points to 21.4 per centum on yearly basis.
Cash & cash equivalents increased past times 6.5 per centum to Rs 11,398 crore inward September quarter compared alongside Rs 10,701 crore inward June quarter.At 13:15 hours IST, the stock was quoting at Rs 2,808.00, upward Rs 43.65, or 1.58 per centum on the BSE.
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