- Bajaj Auto’s net profit for Q4 FY22 Drops by 2% YoY to Rs 1,433 crore.
- The company’s revenue from operations increased by 12% YoY to Rs 8,905 Crore
- Bajaj Auto’s board of directors has approved a dividend of Rs 140 per share.
- Bajaj Auto has surplus cash of Rs 17,445 crore as of March 2023.
Two-wheeler industry leader Bajaj Auto posted a standalone net profit of Rs. 1,433 crore for Q4 FY22, a 2% YoY fall. The company’s operational revenue, on the other hand, increased by 12% YoY to Rs 8,905 crore during the period of January to March. A 140 rupee dividend per share has been approved by the board of directors of Bajaj Auto.
Summary Table
| Information | Description |
|---|---|
| Company 🏍️ | Bajaj Auto |
| Quarter 🗓️ | January-March 2023 |
| Standalone net profit 💰 | Rs 1,433 crore (fell 2% YoY) |
| Dividend 💰 | Rs 140 per share |
| Revenue from operations 💼 | Rs 8,905 crore (12% growth YoY) |
| Operating profit 💰 | Rs 1,718 crore (26% growth YoY) |
| Margins 📈 | 19.3% |
| Domestic motorcycle sales 🏍️ | Strong, led by Pulsar and Platina 110 ABS |
| Three-wheeler sales 🛺 | Crossed 100,000 units milestone for the first time since the pandemic |
| Surplus cash 💰 | Rs 17,445 crore as of March 2023 |
Revenue Growth and Margins
The consistent momentum in the domestic business was the primary driver of the double-digit revenue growth. The company claims that improved foreign exchange realisation, prudent pricing, and a richer product mix all contributed to offsetting the decline in overall volumes brought on by slow exports. The operational profit for the reporting quarter for Bajaj Auto increased by 26% to Rs 1,718 crore from Rs 1,365 crore a year earlier. In the meantime, margins increased to 19.3% in the March quarter.
Domestic Sales Results
Bajaj Auto’s domestic motorcycle sales kept up their solid performance, helped by the Pulsar Models strong results and a further scaling-up of Platina 110 ABS volumes. For the first time since the epidemic, three-wheeler sales exceeded the 100,000 unit mark, demonstrating Bajaj’s robust recovery to pre-Covid levels.
Export Efficiency
While exports progressively declined as a result of the weakening macroeconomic conditions in foreign markets, Bajaj Auto said that it continuously watched the situation and took prompt action to preserve volumes. By maintaining its competitiveness, this made sure that the market share as a whole remained stable.
Cash and Investments in Excess
As of March 2023, Bajaj Auto had excess cash totaling Rs 17,445 crore. “The consistent robust cash generation fuelled ongoing competitive investments, capex of Rs 1000 crore (including Chetak Technology), and a share buyback,” the statement read.
Bajaj Auto shares increased 0.23% on Tuesday, closing at Rs 4,342 on the NSE.