In Tuesday's intraday trading on the BSE, shares of Bajaj Auto saw a spike of up to 2.42 percent, reaching INR 9,909.95 a share. This came after the two-wheeler behemoth revealed strong results for the first quarter that concluded on June 30, 2024 (Q1FY25).
The combined profit of Bajaj Auto rose 18.68 percent year over year (Y-o-Y) to Rs 1,941 crore in Q1FY25 from Rs 1,644 crore in the same quarter the previous year. Bajaj Auto's net profit on a stand-alone basis was Rs 1,988.34 crore, up 19.4% YoY from Rs 1,664.77 crore. In terms of operations, the company's consolidated revenue from operations increased from Rs 10,311 crore in Q1FY25 to Rs 11,932 crore in Q1FY25, a 15.72% increase. At Rs 11,928 crore, the standalone revenue from operations increased by 15.7% year over year.
"Due to strong vehicle sales and record parts revenue, Bajaj Auto recorded a 16 percent year-over-year rise in operating revenue in the first quarter of FY25. This was supported by a favorable mix and volume growth in both the home and foreign markets, the company stated in a statement.
In the June quarter, standalone Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) increased by 24% year over year to Rs 2,415 crore from Rs 1,954 crore in Q1FY24. The business stated in an exchange filing that its EBITDA margin increased by 130 basis points year over year to 20.02 percent from 19 percent the previous year. Better utilization and cost savings, according to Bajaj Auto, more than made up for the drag from the expanding electric two-wheeler (e2W) market. "Margin was sustained at 20 percent level -- a hallmark of the dynamic profit and loss management," it stated.
Volumes for Bajaj Auto Q1FY25
Compared to Q1FY24, when 10,27,407 units were sold, the company's overall volumes increased by 7% YoY to 11,02,056 units in the first quarter of FY25. On a year-over-year basis, the automaker's domestic sales increased by 8% to 6,90,621 units, while its exports increased by 7% to 4,11,435 units.
According to BSE, the car firm is valued at a total of Rs 2.74 trillion on the market. With an earnings per share of Rs 267.88, the company's shares are selling at a 36.12 times price to earnings ratio. The automaker's shares were up 1.50 percent at Rs 9820.85 a share at 02:06 PM. In contrast, the BSE Sensex was trading at 80,725 levels, up 0.08 percent.
