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

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BAJAJ AUTO Announces Quarterly Results (3QFY20); Net Profit Up 14.6%
Fri, 31 Jan

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

BAJAJ AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m74,09477,07376,397-0.9%3.1%
Other incomeRs m4,7003,9343,662-6.9%-22.1%
TurnoverRs m78,79381,00880,059-1.2%1.6%
ExpensesRs m62,54064,28562,726-2.4%0.3%
Gross profitRs m11,55412,78813,6716.9%18.3%
DepreciationRs m6346136170.6%-2.7%
InterestRs m36125-62.1%-86.8%
Profit before taxRs m15,58416,09716,7123.8%7.2%
TaxRs m4,5722,0654,09798.4%-10.4%
Profit after taxRs m11,01214,03212,615-10.1%14.6%
Gross profit margin%15.616.617.9
Effective tax rate%29.312.824.5
Net profit margin%14.017.315.8
* 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 grew 3.1% on a year-on-year (YoY) basis. The expenses were up by 0.3% YoY during the same period.
  • The company's operating profit increased by 18.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 3QFY20 as against 15.6% in 3QFY19.
  • Depreciation charges declined by 2.7% and finance costs declined by 86.8% YoY, respectively.
  • Other income declined by 22.1% YoY during the quarter.
  • Net profit for the quarter increased by 14.6% YoY. Net profit margins during the quarter increased from 14.0% in 3QFY19 to 15.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.4% QoQ during the same period.
  • The company's operating profit increased by 6.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.9% in 3QFY20 as against 16.6% in 2QFY19.
  • Net profit for the quarter declined by 10.1% QoQ, while net profit margins declined from 17.3% in 2QFY19 to 15.8% in 3QFY20.

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

BREAKING: Full Details of the #1 Investment of the Decade...

BAJAJ AUTO Share Price Performance

Over the last one year,BAJAJ AUTO share price has moved up from Rs 2,553.4 to Rs 3,224.7, registering a Gain of Rs 671.3 or around 26.3%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 18,392.1 (up 0.1%). Over the last one year it has moved down from 18,494.6 to 18,392.1, a gain of 103 points (down 0.6%).

Overall, the S&P BSE SENSEX is up 15.0% over the year.

Current Valuations

At the current price of Rs 3,224.7, the price to earnings (P/E) ratio of BAJAJ AUTO stands at 18.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.0 times.

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