Q1FY19 Result: Bajaj Auto posts stable numbers
Bajaj Auto standalone revenue for the first quarter of FY19 came in at Rs. 7,419.29 crore, registering 26.7 per cent yoy increase.
The company’s EBITDA for the quarter rose by 36.6 per cent yoy to Rs. 1,281.42 crore with a corresponding margin expansion of 124 bps. EBITDA margin for the quarter remained flat at 17.3 per cent. The PAT for the quarter came in at Rs. 1,115.23 crore, yoy increase of 20.7 per cent.
Overall share in the domestic motorcycle market increased to 16.3 per cent as against 14.0 per cent in Q1FY18, With sales of over 94,000 units for Q1FY19, the company recorded a growth of 80 per cent as against an industry growth of 52 per cent.
Bajaj Auto is world's fourth largest two-wheeler manufacturer and the world's largest three-wheeler manufacturer and spare parts.
In Friday's trading session, the stock has opened at Rs. 3,119.10 per share and touched a high/low of Rs. 3152.45/Rs.2864 per share and at 2:13 pm, the stock is quoting at Rs. 2,898.10 per share.