BAJAJ AUTO Announces Quarterly Results (2QFY20); Net Profit Up 21.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BAJAJ AUTO Announces Quarterly Results (2QFY20); Net Profit Up 21.8%
Thu, 24 Oct

BAJAJ AUTO has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

BAJAJ AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m79,86877,55877,073-0.6%-3.5%
Other incomeRs m3,8153,3753,93416.6%3.1%
TurnoverRs m83,68380,93381,0080.1%-3.2%
ExpensesRs m66,44665,58764,285-2.0%-3.3%
Gross profitRs m13,42211,97112,7886.8%-4.7%
DepreciationRs m7156016132.0%-14.2%
InterestRs m3512129.6%300.0%
Profit before taxRs m16,51914,73916,0979.2%-2.6%
TaxRs m5,0024,5312,065-54.4%-58.7%
Profit after taxRs m11,51710,20814,03237.5%21.8%
Gross profit margin%16.815.416.6
Effective tax rate%30.330.712.8
Net profit margin%13.812.617.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 3.5% on a year-on-year (YoY) basis. The expenses were down by 3.3% YoY during the same period.
  • The company's operating profit declined by 4.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 16.6% in 2QFY20.
  • Depreciation charges declined by 14.2% and finance costs increased by 300.0% YoY, respectively.
  • Other income increased by 3.1% YoY during the quarter.
  • Net profit for the quarter increased by 21.8% YoY. Net profit margins during the quarter increased from 13.8% in 2QFY19 to 17.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.0% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.6% in 2QFY20 as against 15.4% in 1QFY19.
  • Net profit for the quarter increased by 37.5% QoQ, while net profit margins increased from 12.6% in 1QFY19 to 17.3% in 2QFY20.

To see how BAJAJ AUTO has performed over the last eight quarters,please visit here.

Covid-19 Special 3x Opportunity: Five "Essential" Stocks to Buy Before the Lockdown Ends...

BAJAJ AUTO Share Price Performance

Over the last one year,BAJAJ AUTO share price has moved up from Rs 2,475.3 to Rs 3,183.1, registering a Gain of Rs 707.8 or around 28.6%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,075.0 (up 0.3%). Over the last one year it has moved down from 19,471.9 to 18,075.0, a gain of 1,397 points (down 7.2%).

Overall, the S&P BSE SENSEX is up 15.8% over the year.

Current Valuations

At the current price of Rs 3,183.1, the price to earnings (P/E) ratio of BAJAJ AUTO stands at 19.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

Equitymaster requests your view! Post a comment on "BAJAJ AUTO Announces Quarterly Results (2QFY20); Net Profit Up 21.8%". Click here!

  

Related Views on News

BAJAJ AUTO Announces Quarterly Results (4QFY20); Net Profit Down 7.7% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, BAJAJ AUTO has posted a net profit of Rs 12 bn (down 7.7% YoY). Sales on the other hand came in at Rs 68 bn (down 7.8% YoY). Read on for a complete analysis of BAJAJ AUTO's quarterly results.

BAJAJ AUTO Announces Quarterly Results (3QFY20); Net Profit Up 14.6% (Quarterly Result Update)

Jan 31, 2020 | Updated on Jan 31, 2020

For the quarter ended December 2019, BAJAJ AUTO has posted a net profit of Rs 13 bn (up 14.6% YoY). Sales on the other hand came in at Rs 76 bn (up 3.1% YoY). Read on for a complete analysis of BAJAJ AUTO's quarterly results.

BAJAJ AUTO 2018-19 Annual Report Analysis (Annual Result Update)

Sep 3, 2019 | Updated on Sep 3, 2019

Here's an analysis of the annual report of BAJAJ AUTO for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BAJAJ AUTO. Also includes updates on the valuation of BAJAJ AUTO.

More Views on News

Most Popular

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

Why We Picked This Smallcap Stock for a Post Coronavirus World(Profit Hunter)

May 28, 2020

Covid-19 has made it a survival of the fittest race for many companies. The ones that can adapt will thrive in a post crisis world.

The Best Safe Investment for Senior Citizens(Fast Profits Daily)

Jun 4, 2020

With Interest rates near record lows, there is a safe investment which still pays a decent interest.

Who Will Be Crowned the 'Multibagger Blue Chip' of the Decade?(Profit Hunter)

May 25, 2020

Will the mutlibagger blue chips of the past decade continue to rule the bourses?

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

BAJAJ AUTO SHARE PRICE


Jun 5, 2020 (Close)

TRACK BAJAJ AUTO

  • Track your investment in BAJAJ AUTO with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BAJAJ AUTO - HERO MOTOCORP COMPARISON

COMPARE BAJAJ AUTO WITH

MARKET STATS