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-wheelers – Pulsar and Boxer. Component Units sold in Q3FY21 Pulsar over 420,000 Boxer over 380,000 Bajaj is witnessing a fast recovery in key international markets of Africa, Latin America and others. Its exports for the quarter alone stood at 687,000 units, despite a shortage of containers in the past three months.

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Meanwhile, the share price of Bajaj Auto has risen nearly 3% on January 21, as investors cheered robust growth during the quarter. The stock has jumped nearly 28% since September 30. The stock also achieved a milestone in December after its market value crossed the ₹1 lakh crore ($14 billion) mark on the Indian stock exchanges. SEE ALSO: INTERVIEW: Joe Biden may be as harsh as Donald Trump if India insists on buying S-400 missiles from Russia, says a Washington D.C-based expert Warburg Pincus-backed Home First Finance’s ₹1,153 crore IPO has opened as markets hope budget will push for affordable housing

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