Bajaj Auto just posted a ‘record quarter’ as pent up demand brings highest ever sales for its signature bike like Pulsar
· Bajaj Auto has posted the highest ever profit-after-tax for a quarter at ₹1,556 crore. · The company's revenue grew by 17% during the third quarter of the current financial year to ₹8,910 crore. · The Rajiv Bajaj-led company beat market expectations and reported an EBITDA margin increase of 1.4%. The world's most valuable two-wheeler maker Bajaj Auto said the quarter ended December 31, has been a "record quarter for the company". For the first time in the history of 75 years, its turnover breached the ₹9,000 crore mark, while it also recorded the highest ever profit-after-tax of ₹1,556 crore. The Rajiv Bajaj-led company beat market expectations and reported an EBITDA margin increase of 1.4%, driven by higher operating leverage and better product mix. Even while its three-wheeler market continues to stay under pressure, Bajaj’s overall sales were up by 9% on a yearly basis. The jump in Bajaj’s revenue is all thanks to the high sales of its signature two-whee...