Home >Companies >Company Results >Bajaj Auto Q3 net profit jumps 23% to 1,556 cr

Two-wheeler major Bajaj Auto on Thursday reported 23% rise in standalone net profit at 1,556 crore for the quarter ending 31 December, 2020. It was 1,262 crore in the year-ago period.

Revenue from operations increased 17% to 8,910 crore as compared to 7,640 crore in December 2019.

At 2:40 pm on Thursday, the company's scrip on NSE was trading 3% higher at 3,754.25.

"Q3FY21 has been a record quarter for the Company - highest ever turnover which for the first time ever exceeded 9,000 crore, highest ever profit before tax which for the first time ever exceeded 2,000 crore, highest ever profit after tax to over 1,500 crore and an expansion in operating EBITDA margin to 19.8% driven by higher operating leverage and better product mix," Bajaj Auto said in a stock exchange filing.

The company' overall share in the domestic motorcycle market was 18.6% in Q3FY21 as against 17.5% in Q2FY21 and 18.5% in FY20

"Domestic two-wheelers continued to grow on the back of robust demand for Pulsar, Dominar, KTM and Husqvarna. Pulsar125 witnessed strong traction with sales of over 164,000 units; growth of 32% over Q2FY21; market share for Pulsar125 in its segment has grown to 22.8% for Q3FY21. Domestic CV business remains impacted due to inadequate demand for short distance mobility," the company said.

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