Markets
BSE See NSE See 36,594.33
-143.36 (-0.39%)

Bajaj Auto revenue declines 8 per cent YoY in Q4FY20

Nidhi Jani
Rate this article:
3.3
Bajaj Auto revenue declines 8 per cent YoY in Q4FY20

Bajaj Auto, a leading two-wheeler maker in India, reported its fourth quarter result on Wednesday.

Its revenue from operation fell by eight per cent YoY to Rs 6,816 crore.  This was due to 33 per cent YoY fall in domestic volumes, which was partially offset by seven per cent YoY growth in export volumes.

EBITDA for the quarter increased marginally by three per cent YoY to Rs 1,293 crore with a corresponding margin expansion of 200 bps.

Profit after tax in Q4FY20 remained largely flat at Rs 1,310 crore as compared to Rs 1,306 crore in the corresponding quarter of the previous year.

Notably, the company holds strong cash & cash equivalents of Rs 14,322 crore as on FY20.

With a partial ease of the nationwide lockdown, the company’s manufacturing facilities at Chakan, Waluj (both in Maharashtra) and Pantnagar (Uttarakhand) have opened but still, are not working at full capacity currently.

With response to this result, the stock today opened gap-up at Rs 2,650 apiece as against the previous close of Rs 2,558.05 and later, surged almost six per cent to touch an intraday high of Rs 2,722.8 apiece.

Previous Article Colgate-Palmolive reports Q4FY20 PAT of Rs 204 crore
Next Article Ajanta Pharma surges on stellar Q4 performance

Please login or register to post comments.

DSIJ MINDSHARE

12345Last