Bajaj Auto’s Q1FY25 Quarter Results
Bajaj Auto’s revenue grew 15% YoY
- 18 Jul 2024
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- Bajaj Auto reported 3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 15%.
- Its expenses for the quarter were up by 3% QoQ and 14% YoY.
- The net profit de-grew 3% QoQ and grew 18% YoY.
- The earnings per share (EPS) of Bajaj Auto stood at 58.1 during Q1FY25.
Bajaj Auto’s Financial Statements for Q1FY25:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 10,663 | 11,915 | 12,267 | 3% | 15% |
Total expenses | 8,479 | 9,393 | 9,704 | 3% | 14% |
Profit before tax | 2,184 | 2,606 | 2,564 | -2% | 17% |
Tax | 540 | 594 | 622 | 5% | 15% |
Profit after tax | 1,644 | 2,011 | 1,942 | -3% | 18% |
Earnings per share | 58.1 | 71.2 | 58.1 |
Financials:
- Net Profit: ₹1,988 crore, up 18% from ₹1,665 crore in the same period last year.
- Revenue: ₹11,928 crore, a 15.7% increase from ₹10,310 crore YoY.
- Sales Volume: 11,02,056 units sold, reflecting a 7% YoY growth.
- EBITDA: ₹2,415 crore, a 24% YoY growth with a margin improvement of 130 basis points to 20.2%.
- Total Expenses: ₹9,703.61 crore, up from ₹8,478.96 crore YoY.
Management Commentary:
- The strong performance is attributed to a better product mix favouring premium vehicles, leading to higher average selling prices.
- Healthy export growth and sustained momentum in the domestic market contributed to the impressive results.
- Bajaj Auto has achieved double-digit growth for the ninth consecutive quarter.
Data Source: BSE, Company announcements
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