Bajaj Auto reported on Thursday that after-tax profit (PAT) for the December 2020 quarter increased by 23% at Rs 1,556. Bajaj Auto said in a statement that the company posted an after-tax profit of Rs 1,262 in the corresponding quarter of the previous fiscal year.
Sales from sales from October to December 2020 increased by 17% to Rs 8,910, compared with Rs 7,640 in the year-ago quarter. The company said it sold a total of 13,06,810 vehicles in the December 2020 quarter, up 9% from 12,02,486 a year ago.
Domestic motorcycle sales increased 8% from 5,42,978 units in the previous year to 5,85,469 units. Commercial vehicle sales fell 65% from 96,736 to 34,230. Total domestic sales decreased by 3% to 6,19,699 units, compared with 6,39,714 units sold in the December quarter of the previous year.
“FY2020-21 was the company’s highest sales ever and exceeded 9,000 chlores for the first time. The highest pre-tax profit ever exceeded 2,000 chlores for the first time,” said Bajaj. I will. Auto Co., Ltd. said. The company also stated that it has increased its operating Ebitda (interest, taxes and income before depreciation) margin to 19.8% by improving its operating leverage and product mix.
Despite the shortage of containers, the company said exports exceeded a record high of 6,87,000 units. According to the company, its overall share of the domestic motorcycle market was 18.6% in the December 2020 quarter.
Bajaj Auto’s after-tax profit increased 23% in the December quarter to Rs 1,556
Source link Bajaj Auto’s after-tax profit increased 23% in the December quarter to Rs 1,556