During the quarter Bajaj Auto bought a complete of 1,169,664 items registering an annual achieve of 18%.
The nation’s main two-wheeler maker, Bajaj Auto, on Thursday reported consolidated internet 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 12 months. 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.
During the quarter Bajaj Auto bought a complete of 1,169,664 items registering an annual achieve of 18 per cent.
“Q4FY21 recorded a healthy double-digit growth in volume for motorcycles in domestic market, overall exports, and auto spare parts business,” Bajaj Auto mentioned in a press launch.
“Pulsar 125 continues to witness strong pull in the domestic motorcycle market; sold over 128,000 units as against nearly 51,000 units in 04FY20. Exports continue to perform very well with sales of over 635,000 units; second highest,” Bajaj Auto mentioned.
“For FY21 export of motorcycles were nearly 1.8 million units and total exports were over 2 million units; for the third year in a row. Our overall share for motorcycles sold in domestic and international markets amongst players from India was 27.6 per cent as against 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 Company, considering his age, has tendered his resignation as non-executive director and Chairman of the Company with effect from close of business hours on 30 April 2021,” Bajaj Auto knowledgeable inventory exchanges..
Bajaj Auto’s board advocate dividend of Rs 140 per share.
Bajaj Auto shares fell 2 per cent to Rs 3,815 after earnings announcement.
