Bajaj Auto Q2 Results: Bajaj Auto released the results for the July-September quarter of the current financial year on Friday, November 7. The company said that its net profit in the September quarter increased by 24% to Rs 2,480 crore, which was Rs 2,005 crore in the same quarter of the previous financial year.
The company’s revenue during this period increased by 14% to Rs 14,922 crore, which was Rs 13,127 crore in the same quarter of last year. Bajaj Auto said this growth was due to better product mix and highest ever spare parts sales.
EBITDA crosses ₹3,000 crore for the first time
Chetak returns to EV segment
Bajaj Auto said there was supply disruption during the September quarter, but the Chetak EV regained market leadership in October. “Supply was limited to 50% in July-August, but alternative measures normalized production in September and Chetak strengthened its position in the market,” the statement said.
Strong balance sheet and investments
Bajaj Auto said its balance sheet remains strong, with a surplus of ₹14,244 crore. The company distributed Rs 5,864 crore as dividend to shareholders and invested more than Rs 2,000 crore of capital in its subsidiaries.
Stock market turmoil
Bajaj Auto shares closed with a slight fall on Friday at Rs 8,717 per share. The company released the results after the stock market closed. In such a situation, investors will give their reaction on these results when the market opens on Monday (November 10).
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