Bajaj Auto Q3 net profit up 3% to Rs 819 cr

Business

oi-Sneha

By Sneha B K

Published: Wednesday, January 16, 2013, 14:14 [IST]

Bajaj Auto reported 3% rise in its net profit to Rs 819 crore in the third quarter as compared to Rs 740 crore for the quarter ended December 31, 2011.

The company's revenues rose by 8.56% to Rs 5,413 crore from Rs 4,986 crore during the same period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 12.3% YoY to Rs 1,105 crore. EBITDA margin stood at 20.1%.

Motorcycle sales were up by 7% Year-on-Year to 6.87 lakh units and 3-wheeler commercial vehicle sales went up by 23% to 64,168 units in the quarter.

On sequential basis however, operating margin improved by 40 bps from 19.7% in Q2 mainly due to richer product mix and better realization on exports," Bajaj Auto said in a statement.

The shares of the company were seen trading at Rs 2,101 lower by 0.67% on BSE after touching an intraday low of Rs 2,058. It touched an intraday high of Rs 2,153.

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