{"id":5295,"date":"2018-10-25T03:39:55","date_gmt":"2018-10-25T03:39:55","guid":{"rendered":"https:\/\/livingwithgravity.com\/?p=5295"},"modified":"2018-10-25T03:39:55","modified_gmt":"2018-10-25T03:39:55","slug":"bajaj-auto-profit-goes-up-by-5-in-q2","status":"publish","type":"post","link":"https:\/\/livingwithgravity.com\/bajaj-auto-profit-goes-up-by-5-in-q2\/","title":{"rendered":"Bajaj Auto profit goes up by 5 % in Q2"},"content":{"rendered":"<p>This quarter witnessed an all round growth in volumes, turnover and profits.<br \/>\nThe Company recorded its HIGHEST ever:-<\/p>\n<ul>\n<li>Volumes : 1,339,444 units<\/li>\n<li>Domestic Motorcycle volumes : 692,899 units<\/li>\n<li>Turnover : 8,368 crore<\/li>\n<li>EBITDA : 1,454 crore<\/li>\n<li>Operating Profit : 1,382 crore<\/li>\n<li>Profit before tax : 1,653 crore<\/li>\n<li>Profit after tax : 1,152 crore<\/li>\n<li>Consolidated Profit after tax : 1,257 crore<\/li>\n<\/ul>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-5297\" src=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Volumes.jpg\" alt=\"\" width=\"703\" height=\"533\" srcset=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Volumes.jpg 703w, https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Volumes-300x227.jpg 300w, https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Volumes-600xh.jpg 600w\" sizes=\"(max-width: 703px) 100vw, 703px\" \/><\/p>\n<p>Highlights for individual business units are given below:<\/p>\n<p><strong>A. Motorcycle \u2013 Domestic<\/strong><br \/>\nCompany outperformed the industry recording a growth of 19% over Q2 \/ FY18 as against industry growth of 8%.<br \/>\nOverall share in the domestic motorcycle market increased to 18.6% as against 16.9% in Q2 \/ FY18.<\/p>\n<p>For September 2018, overall share in domestic motorcycle market was 20.1%.<br \/>\nIn the Entry segment, as against industry growth of 27%, Company recorded a growth of 50% over Q2 \/ FY18.<\/p>\n<p>CT sold over 248,000 units, growth of 40%.<br \/>\nPlatina sold over 153,000 units, growth of 47%.<\/p>\n<p>Share in this segment of the domestic motorcycle market further improved to 37.7% in Q2 \/ FY19<br \/>\nas against 33.7% in Q1 \/ FY19 and 32.0% in Q2 \/ FY18.<\/p>\n<p>Pulsar, along with Avenger, sold over 233,000 units.<br \/>\nSold the HIGHEST number of Pulsars, over 87,000 units, in September 2018.<br \/>\nWith this, the Company maintained its dominance in this segment of the domestic motorcycle<br \/>\nmarket with share of 40.5% in Q2 \/ FY19.<\/p>\n<p><strong>B. Commercial Vehicles<\/strong><br \/>\nWith sales of ~112,000 units for Q2 \/ FY19, Company recorded a growth of 32% as against an industry<br \/>\ngrowth of 23%.<\/p>\n<p>Company continues to be a market leader; overall share in domestic market at 58.9%<br \/>\nRE brand is the market leader in the small three-wheeler segment; market share at 85.9%.<br \/>\nMAXIMA brand is a dominant player in the big three-wheeler passenger carrier segment;<br \/>\nmarket share at 36.5%.<\/p>\n<p>For Goods Carriers, Company recorded a growth of 43% over Q2 \/ FY18; market share at 22.8%.<\/p>\n<p><strong>C. International Business<\/strong><br \/>\nGrowth in International Business was witnessed across most geographies.<br \/>\nCompany recorded quarterly exports of ~535,000 units, growth of 33% over Q2 \/ FY18.<br \/>\nHighest ever exports of 190,506 units in September 2018.<br \/>\nLed by Africa and SAME ( South Asia &amp; Middle East ), Motorcycles sold over 433,000 units,<br \/>\na growth of 30% over Q2 \/ FY18.<br \/>\nAfrica recorded a growth of 53% while ASEAN recorded a growth of 35% over Q2 \/ FY18.<br \/>\nCommercial Vehicles sold over 101,000 units, a growth of 49% over Q2 \/ FY18.<br \/>\nIn value terms, exports in US$ was 419 million as against US$ 335 million in Q2 \/ FY18.<br \/>\nRealization per US$ was ` 69.4 in Q2 \/ FY19 as against ` 67.4 in Q1 \/ FY19 and 67.0 in Q2 \/ FY18.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-5298\" src=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Financials.jpg\" alt=\"\" width=\"664\" height=\"423\" srcset=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Financials.jpg 664w, https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Financials-300x191.jpg 300w, https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/Financials-600xh.jpg 600w\" sizes=\"(max-width: 664px) 100vw, 664px\" \/><\/p>\n<p><strong>3. Investment in KTM<\/strong><br \/>\nBajaj Auto International Holdings BV, a Netherlands based 100% subsidiary of Bajaj Auto Ltd, holds<br \/>\n47.99% stake in KTM AG of Austria at a total investment of \u20ac198.1 million ( ` 1,219 crore ).<br \/>\nResults of KTM AG are consolidated with Bajaj Auto, one quarter in arrear.<\/p>\n<p><a href=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/KTM.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-5299\" src=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/KTM.jpg\" alt=\"\" width=\"422\" height=\"178\" srcset=\"https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/KTM.jpg 422w, https:\/\/livingimage.s3.amazonaws.com\/wp-content\/uploads\/2018\/10\/KTM-300x127.jpg 300w\" sizes=\"(max-width: 422px) 100vw, 422px\" \/><\/a>The proportionate profit to Bajaj Auto Limited is \u20ac 12.8 million ( ` 105 crore ), which has been accounted for in the consolidated results of Q2 \/ FY19.<\/p>\n<p><strong>4. Cash and cash equivalents<\/strong><br \/>\nAs on 30th June 2018, surplus cash and cash equivalents was ` 16,889 crore.<br \/>\nAfter payment of dividend and tax thereon of ` 2,074 crore, surplus cash and cash equivalents stood at<br \/>\n` 16,164 crore as on 30th September 2018.<\/p>\n<p><strong>5. Other matters<\/strong><br \/>\nShri Rakesh Sharma, who is currently the Chief Commercial Officer of the Company, has been elevated as an additional director and whole-time director, with the designation of Executive Director, for a period of 5 years with effect from 1st January 2019, subject to his appointment being approved by the shareholders at the ensuing Annual General Meeting to be held in July 2019<\/p>\n<hr \/>\n<p>Source: Bajaj Auto<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This quarter witnessed an all round growth in volumes, turnover and profits. The Company recorded its HIGHEST ever:- Volumes : 1,339,444 units Domestic Motorcycle volumes : 692,899 units Turnover : 8,368 crore EBITDA : 1,454 crore Operating Profit : 1,382 crore Profit before tax : 1,653 crore Profit after tax : 1,152 crore Consolidated Profit [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5296,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,39],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts\/5295"}],"collection":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/comments?post=5295"}],"version-history":[{"count":1,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts\/5295\/revisions"}],"predecessor-version":[{"id":5300,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/posts\/5295\/revisions\/5300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/media\/5296"}],"wp:attachment":[{"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/media?parent=5295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/categories?post=5295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livingwithgravity.com\/wp-json\/wp\/v2\/tags?post=5295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}