Bajaj Auto Reports A 3.7% Increase in Q2 Net Profit

For the second quarter ended September 2018, the two and three wheeler maker reported a net profit of 1,152 crore, a 3.7 percent increase from the same period last year, as per its stock exchange filing.

Its revenue was up by 21 percent to Rs 7,986 crore compared to September 2017, after having sold 13.3 lakh units between July and September. Its quarterly sales were higher by 25 percent on a yearly basis, while its exports grew by 32.8 percent to 5.34 lakh units during the same period.

Its earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 3 percent on a year-on-year basis to Rs 1,341 crore. Bajaj Auto Ltd's operating margin, however, contracted to 16.8 percent from 19.7 percent the previous year.

After the announcement of the quarterly results, shares of Bajaj Auto fell as much as 4.3 percent, trading at its lowest in two-and-a-half years.