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Bajaj Corp: Increasing Focus on International Geographies - Views on News from Equitymaster
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  • Oct 20, 2016 - Bajaj Corp: Increasing Focus on International Geographies

Bajaj Corp: Increasing Focus on International Geographies
Oct 20, 2016

Bajaj Corp has announced its results for the quarter ended September 2016. The company's revenues and net profits grew by 3.5% and 24% respectively during the quarter as compared to a year ago.

Standalone financial performance
(Rs m) 2QFY16 2QFY17 Change 1HFY16 1HY17 Change
Net sales 1,901 1,968 3.5% 3,910 4,011 2.6%
Expenditure 1,254 1,296 3.3% 2,599 2,629 1.2%
Operating profit (EBDITA) 647 672 3.8% 1,311 1,382 5.4%
EBDITA margin (%) 34.0% 34.2% 33.5% 34.4%
Other income 78 149 91.5% 144 233 61.3%
Depreciation 9.7 10.9 12.4% 19.7 21.1 7.1%
Interest 0.10 2.24 2253.7% 0.21 4.25 1952.2%
Profit before tax 715 808 13.0% 1,435 1,589 10.7%
Exceptional Income/ (Expense) -117 -66 -235 -184
Tax 128 159 24.5% 256 300 17.3%
Effective tax rate 18% 20% 18% 19%
Profit after tax/(loss) 470.4 583 23.9% 944 1,105 17.0%
Net profit margin (%) 24.7% 29.6% 24.1% 27.5%
No. of shares (m) 147.5
Diluted earnings per share (Rs)* 17
Price to earnings ratio (x) 23.4

(*On a trailing 12-month basis & excluding exceptional Items)

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