Bajaj Auto Profit Up 1% By 11 Crores
Bajaj Auto profit raised by1 percent to Rs 1,126 crore in the June quarter compared to Rs 1,115 crore in the same quarter previous year. Ebitda down by 9 percent to Rs 1,250 crore against Rs 1,367 crore in the same quarter previous year. Turnover for the quarter raised by 5 percent to Rs 8,197 crore from Rs 7,812 crore in 2018.
Motorcycles-Domestic
The company recorded a growth of 3% over Q1 / FY19 as against an industry de-growth of 9%. The overall share in the domestic motorcycle market at 18.3% as against 16.3% in Q1 / FY19. Retail share in the domestic motorcycle market is nearly 19%. In the Entry segment, the Company sold over 300,000 units with a market share of 30.6%. CT sold over 123,000 units. Platina sold over 166,000 units, growth of 59%. The Company has also launched a new Platina 110 H in the domestic motorcycle segment. This new model has been received very well. In the Sports segment, the Company continues to maintain its market share of 46.9% in Q1 / FY20. Pulsar, along with Avenger, sold over 261,000 units, a growth of 17% over Q1 / FY19. The newly launched Avenger 160 has sold over 12,000 units.
Commercial Vehicles
The company recorded sales of over 86,000 units for Q1 / FY20 and continues to maintain its market share of 57.1%. RE brand is the market leader in the small three-wheeler segment; market share at 87.5%. — MAXIMA brand is a market leader in the big three-wheeler passenger carrier segment; market share at 39.5%. — In the Goods carrier segment, Company recorded a growth of 11% over Q1 / FY19 as against an industry de-growth of 2%; market share at 27.9%.
International Business
Recorded the highest ever exports of 550,021 units. Motorcycles sold over 471,000 units – a growth of 8% over Q1 / FY19. Africa, driven by Nigeria, Congo and Uganda, recorded a growth of 24% over Q1 / FY19. In SAME, relative slowdown in Srilanka has been compensated by the growth of 23% in Bangladesh. ➢ In ASEAN, the Philippines recorded a growth of 8% over Q1 / FY19. LATAM, excluding Argentina, recorded a modest growth of 5% over Q1 / FY19.
Sales to Argentina remain subdued due to currency devaluation. Commercial Vehicles sold over 78,000 units, a de-growth of 23%, due to lower sales in Egypt. In value terms, exports in US$ was 414 million. Realization per US$ was ` 70.0 in Q1 / FY20 as against ` 68.6 in Q4 / FY19 and ` 68.5 in FY19.
Investment in KTM Bajaj Auto International Holdings BV, a Netherlands based 100% subsidiary of Bajaj Auto Ltd, holds 47.99% stake in KTM AG of Austria at a total investment of 1,219 crores. Results of KTM AG are consolidated with Bajaj Auto, one quarter in arrear.
The proportionate loss to Bajaj Auto Limited is 9 crores, which has been accounted for in the consolidated results of Q1 / FY20
Cash and cash equivalents
As on 30th June 2019, surplus cash and cash equivalents stood at ` 17,126 crores as against ` 16,368 crores as on 31 st March 2019.
