Bajaj Auto Q3 Results FY2023, Reported a Highest ever EBITDA

Bajaj Auto Q3 Results FY2023, Reported a Highest ever EBITDA

by Shreya Anaokar Last Updated: Jan 27, 2023 - 12:36 pm 3k Views

On 25th January 2023, Bajaj Auto announced its results for the third quarter of FY2023.

Key Highlights:

- Revenue from Operations at Rs. 9,315 crores, was up 3% YoY, with robust double-digit revenue growth in the domestic business offsetting the drop in exports arising from the challenging market context. Overall spares revenue came in at an all-time high. 
- The company reported the highest ever EBITDA which stood at Rs. 1777 crores, surpassing the record set in the previous quarter. The strong growth of 29% YoY, underpinned by margin expansion of +390 bps YoY to 19.1% was led by reasonable pricing, better dollar realization and a richer product mix. 
- PAT stood at Rs. 1491 crores, with a growth of 23%

Business Highlights:

- The domestic business saw sustained double-digit revenue growth across two-wheelers (2W) and three-wheelers (3W). The 2W performance was buoyed particularly by solid 125 cc+ festive season sales while 3W volumes surged, leading to its record-high market share.
- On Domestic Motorcycles, industry festive demand, particularly in the top-end commuter/sports segment, was buoyant and the Company outperformed with strong growth in the segment.
- Introduced the Platina 110cc with the first-in-segment ABS feature in Dec 2022.
- On exports, macroeconomic challenges continue to subdue industry volumes across overseas geographies. 
- Commercial vehicles maintained their path of recovery to pre-covid levels (now at -75%), as the quarter saw strong growth with stepped-up volumes and market share hit an all-time high across segments 
- The Chetak EV business continues to steadily expand - volumes are up 5x over the previous year, the thrust on augmenting capabilities supply chai R&D and growing dealership presence (62 at Dec 2022 end vs. 35 at the end of FY22) is well underway
-  The quarter marked the launch of motorcycles in Brazil with the well-recognized Dominar brand.
 

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Plaza Wires IPO Anchor Allocation at 28.06%

About the Plaza Wires IPO Plaza Wir

  • Sep 29, 2023
Master Components IPO Opens Flat, Closes Flat

Flat listing for Master Components IPO, closes flat too

  • Sep 29, 2023
Emami Acquires 26% Stake in Axiom Ayurveda, Enters Health Juice Segment

On 29-sep-2023, Emami Ltd., a prominent Indian FMCG company, made an exciting foray into the health juice category by acquiring a 26% stake in Axiom Ayurveda Pvt Ltd, the firm behind the popular AloFrut brand of beverages.

  • Sep 29, 2023