The nation’s main two-wheeler maker, Bajaj Auto, on Thursday reported consolidated web revenue of Rs 1,551.28 crore in quarter ended March 2021, marking a rise of 14.57 per cent from Rs 1,353.99 crore in the identical quarter final yr. Bajaj Auto’s whole income from operations superior 26 per cent to Rs 8,596.10 crore.
Bajaj Auto’s standalone working revenue or EBITDA (earnings earlier than curiosity, tax, depreciation and amortization) jumped 20 per cent to 1,558 crore and working revenue margin declined to 18.1 per cent from 19 per cent on account of upper uncooked materials price.
Through the quarter Bajaj Auto offered a complete of 1,169,664 items registering an annual achieve of 18 per cent.
“Q4FY21 recorded a wholesome double-digit progress in quantity for bikes in home market, general exports, and auto spare elements enterprise,” Bajaj Auto stated in a press launch.
“Pulsar 125 continues to witness robust pull within the home motorbike market; offered over 128,000 items as towards practically 51,000 items in 04FY20. Exports proceed to carry out very nicely with gross sales of over 635,000 items; second highest,” Bajaj Auto stated.
“For FY21 export of bikes had been practically 1.Eight million items and whole exports had been over 2 million items; for the third yr in a row. Our general share for bikes offered in home and worldwide markets amongst gamers from India was 27.6 per cent as towards 27.5 per cent in FY20,” Bajaj Auto added.
Bajaj Auto’s chairman Rahul Bajaj resigned from his place.
“Rahul Bajaj, Non-executive Chairman of the Firm, contemplating his age, has tendered his resignation as non-executive director and Chairman of the Firm with impact from shut of enterprise hours on 30 April 2021,” Bajaj Auto knowledgeable inventory exchanges..
Bajaj Auto’s board suggest dividend of Rs 140 per share.
Bajaj Auto shares fell 2 per cent to Rs 3,815 after earnings announcement.