Bajaj Auto Q4 PAT rises 2% to Rs 1,332 cr

On a standalone basis, the enterprise recorded 2% raise in internet income to Rs 1,332 crore on 26% rise in earnings from functions to Rs 8,596 crore in Q4 FY21 over Q4 FY20.
EBITDA jumped 20% to Rs 1,558 crore in the fourth quarter from Rs 1,293 crore described in the exact interval last year. EBITDA margin was at 18.1% as on 31 March 2021 as against 19% as on 31 March 2020.






The business mentioned that Q4 FY21 witnessed a sharp raise in input costs and enter expenses ongoing to enhance in Q1 FY22 as effectively.
Bajaj Auto’s full automobiles revenue amplified 18% to 11,69,664 cars in Q4 FY21 from 991,961 autos marketed in Q4 FY20.
Even though two-wheeler sales amplified by 23% to 10,47,632 units, commercial auto (CV) sales declined 12% to 122,032 units in Q4 FY21 over Q4 FY20. The quarter underneath evaluate recorded a healthful double-digit advancement in quantity for bikes in domestic sector, all round exports, and car spare pieces company.
The firm’s standalone web profit declined by 11% to Rs 4,555 crore on 7% fall in earnings from operations to Rs 27,741 crore in the yr finished 31 March 2021 as in contrast to the calendar year finished 31 March 2021.
For FY21, EBITDA margin enhanced 70 bps to 18.3% as towards 17.6% for FY20, on the again of better products combine and numerous austerity measures.
“Comprehensive yr quantities are not similar as Q1 FY21 was an absolute washout due to the pandemic and Q4 and whole 12 months FY20 experienced Rs 119 crore and Rs 234 crore as dividend cash flow respectively. For FY21, no dividends have been obtained, the enterprise claimed in a assertion.
The company’s over-all share for motorcycles sold in domestic and intercontinental marketplaces amongst gamers from India was 27.6% as against 27.5% in FY20.
The company even more explained that domestic CV business enterprise continues to be impacted because of to insufficient need for limited distance mobility. On the other hand, above the quarters, this company is recovering, albeit bit by bit.
In significant 3-wheeler passenger provider section, the firm is now the market leader, with a industry share approximately 46.9%. In items carrier phase, the company enhanced its marketplace share by 670 bps to 33.7% in FY21 about FY20.
As on 31 March 2021, surplus money and income equivalents stood at Rs 17,689 crore as from Rs 14,322 crore as on 31 March 2020.
The board of administrators advise a dividend of Rs 140 per share. The stated dividend will be credited/dispatched on 26 July 2021 and/or 27 July 2021.
Separately, the enterprise informed that Rahul Bajaj, non-executive chairman of the organization, owning been at the helm of the organization since 1972 and the Team for five many years, considering his age, has tendered his resignation as non-govt director and chairman of the business with effect from shut of company several hours on 30 April 2021. The board has accredited his appointment as chairman emeritus of the corporation for a expression of 5 several years with impact from 1 Might 2021.
In spot of Rahul Bajaj, the outgoing chairman of the enterprise, Niraj Bajaj, non-executive director of the company has been appointed as chairman of the business with effect from 1 Might 2021.
Bajaj Auto is the world’s third most significant manufacturer of bikes and the biggest company of 3 wheelers. It has its producing amenities found at Chakan around Pune, Waluj in close proximity to Aurangabad, and at Pantnagar in Uttarakhand.
The scrip fell 1.78% to stop at Rs 3820.95 on the BSE.
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(This story has not been edited by Organization Conventional personnel and is car-created from a syndicated feed.)