Bajaj Auto Q3 Results 2022: Net Proft falls 22% to ₹1,214 crore

Bajaj Auto Q3 Results 2022: A meeting of the Board of Directors of Bajaj Auto Limited was held today to consider and approve the results for Q3/FY22.

Key highlights are:-

— Volume : 1,181,361 units
— Turnover : ₹ 9,294 crore
— Revenue from operations : ₹ 9,022 crore
— EBITDA and % : ₹ 1,405 crore, 15.6%
— Operating Profit : ₹ 1,334 crore
— Profit before tax : ₹ 1,573 crore
— Profit after tax : ₹ 1,214 crore
— Consolidated profit after tax : ₹ 1,430 crore

Bajaj Auto Q3 Results 2022: Financials (standalone)

Sequentially, EBITDA margins improved from 15.0% (adjusted) in Q2/FY22 to 15.6% in Q3/FY22, largely
for two reasons:
a. Positive net impact of price increase, less material cost increase.
b. Favourable export realization for US$ to INR.

Also Read: Bajaj Finance Q3 Results 2022: Net profit up 85% to Rs 2,125 cr, NII rises 40%

Cash and cash equivalents

As on 31st December 2021, surplus cash and cash equivalents stood at ₹17,883 crore as against ₹17,526 crore as on 30th September 2021.

Volumes

For Q3/FY22, sold over 1.18 million units in India and across the globe.
— In the domestic motorcycle market, the industry recorded a decline of 23% over Q3/FY21. In contrast, Bajaj Auto fared marginally better recording sales of over 469,000 units, a decline of 20%. Market share improved to 19.2% in Q3/FY22 as against 18.6% in Q3/FY21 and 18.1% in FY21.
— In the domestic commercial vehicle market, the industry recorded a growth of 5% over Q3/FY21. In contrast, Bajaj Auto recorded a growth of 52% and reported a market share of 71%, continuing its leadership position across the three product categories in this segment.
— Exports continue to record strong sales with average monthly volumes in excess of 219,000 units. For the calendar year 2021, exports, by volume exceeded 2.5 million units – the highest ever.

Bajaj Auto International Holdings BV (BAIH BV)

BAIH BV, a Netherlands based 100% subsidiary of Bajaj Auto, held a 47.99% stake in KTM AG. As of 29 September 2021, BAIH BV swapped 46.50% stake in KTM AG for 49.90% stake in Pierer Bajaj AG. As per the public offer dated 05 November 2021 by KTM AG to buy back shares, BAIH BV tendered the balance of 161,939 shares (1.49% stake) held in KTM AG. The resultant gain of € 8.7 million ( ` 75 crores) is shown as other income in consolidated financial results of Bajaj Auto Ltd.

(This is an official press release from Bajajauto.com)