Bajaj Auto has actually launched its Q2 outcomes.
Bajaj Auto Q2 Results: Its income throughout July-September 2024 leaps 22 percent to Rs 13,127 crore, compared to Rs 10,777 crore in the year-ago duration.
Automobile significant Bajaj Auto on Wednesday reported a 9 percent surge in its standalone internet earnings to Rs 2,005 crore for the 2nd quarter finished September 30. It is listed below experts’ assumptions. Its income throughout July-September 2024 leapt 22 percent to Rs 13,127 crore, compared to Rs 10,777 crore in the year-ago duration.
However, on a combined basis, Bajaj Auto’s earnings after tax obligation decreased 31 percent year on year to 1,385 crore for the 2nd quarter finished September 30, 2024.
Bajaj Auto’s standalone income from procedures leapt 22 percent YoY to over Rs 13,000 crore. The profile including electrical and CNG lorries throughout both the 2W and 3W profile, currently adds a considerable 40 percent of overall residential earnings.
“Balance Sheet remains healthy with surplus cash of Rs 16,392 crores, after having invested Rs 1.200 crores behind strategic growth enablers (primarily capital infusion into Bajaj Auto Credit Ltd. and EV capex) and distributing Rs 2.233 crores as dividend in H1 FY25,” Bajaj Auto stated in a regulative declaring.
Shares of Bajaj Auto on Wednesday climbed 0.88 percent to shut at Rs 11,622.5 each on the BSE.
Bajaj Auto stated it offered 12,21,504 systems in the 2nd quarter, up 16 percent as compared to 10,53,953 systems in the year-ago duration. The business stated its board has actually authorized extra financial investment in the equity share funding of Bajaj Brazil, a wholly-owned subsidiary of the business.
The board authorized a financial investment of as much as USD 10 million in a phased fashion.
