BAJAJ AUTO Announces Quarterly Results (1QFY22); Net Profit Up 100.6%
Mon, 26 Jul

BAJAJ AUTO has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

BAJAJ AUTO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m30,79285,96173,860-14.1%139.9%
Other incomeRs m3,3792,8363,29316.1%-2.5%
TurnoverRs m34,17188,79777,153-13.1%125.8%
ExpensesRs m26,70870,74262,681-11.4%134.7%
Gross profitRs m4,08415,21911,180-26.5%173.7%
DepreciationRs m638662642-3.0%0.7%
InterestRs m10202312.3%141.1%
Profit before taxRs m6,81617,37213,808-20.5%102.6%
TaxRs m1,5364,0743,215-21.1%109.3%
Profit after taxRs m5,27913,29810,592-20.3%100.6%
Gross profit margin%13.317.715.1
Effective tax rate%22.523.523.3
Net profit margin%15.415.013.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 139.9% on a year-on-year (YoY) basis. The expenses were up by 134.7% YoY during the same period.
  • The company's operating profit increased by 173.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.1% in 1QFY22 as against 13.3% in 1QFY21.
  • Depreciation charges increased by 0.7% and finance costs increased by 141.1% YoY, respectively.
  • Other income declined by 2.5% YoY during the quarter.
  • Net profit for the quarter increased by 100.6% YoY. Net profit margins during the quarter declined from 15.4% in 1QFY21 to 13.7% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 14.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.4% QoQ during the same period.
  • The company's operating profit declined by 26.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.1% in 1QFY22 as against 17.7% in 4QFY21.
  • Net profit for the quarter declined by 20.3% QoQ, while net profit margins declined from 15.0% in 4QFY21 to 13.7% in 1QFY22.

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

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BAJAJ AUTO Share Price Performance

Over the last one year, BAJAJ AUTO share price has moved up from Rs 2,986.2 to Rs 3,832.5, registering a Gain of Rs 846.4 or around 28.3%.

Meanwhile, the S&P BSE AUTO Index is trading at Rs 22,656.7 (down 0.6%). Over the last one year it has moved up from 16,343.3 to 22,656.7, a gain of 6,313 points (up 38.6%).

Overall, the S&P BSE SENSEX is up 39.7% over the year.

Current Valuations

At the current price of Rs 3,832.5, the price to earnings (P/E) ratio of BAJAJ AUTO stands at 21.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.