Bajaj Auto has truly launched its Q2 outcomes.
Bajaj Auto Q2 Results: Its earnings all through July-September 2024 leaps 22 p.c to Rs 13,127 crore, in comparison with Rs 10,777 crore within the year-ago length.
Automobile important Bajaj Auto on Wednesday reported a 9 p.c surge in its standalone web earnings to Rs 2,005 crore for the 2nd quarter completed September 30. It is listed beneath consultants’ assumptions. Its earnings all through July-September 2024 leapt 22 p.c to Rs 13,127 crore, in comparison with Rs 10,777 crore within the year-ago length.
However, on a mixed foundation, Bajaj Auto’s earnings after tax obligation decreased 31 p.c yr on yr to 1,385 crore for the 2nd quarter completed September 30, 2024.
Bajaj Auto’s standalone earnings from procedures leapt 22 p.c YoY to over Rs 13,000 crore. The profile together with electrical and CNG lorries all through each the 2W and 3W profile, presently provides a substantial 40 p.c of general residential earnings.
“Balance Sheet remains healthy with surplus cash of Rs 16,392 crores, after having invested Rs 1.200 crores behind strategic growth enablers (primarily capital infusion into Bajaj Auto Credit Ltd. and EV capex) and distributing Rs 2.233 crores as dividend in H1 FY25,” Bajaj Auto acknowledged in a regulative declaring.
Shares of Bajaj Auto on Wednesday climbed 0.88 p.c to close at Rs 11,622.5 every on the BSE.
Bajaj Auto acknowledged it provided 12,21,504 techniques within the 2nd quarter, up 16 p.c as in comparison with 10,53,953 techniques within the year-ago length. The enterprise acknowledged its board has truly approved additional monetary funding within the fairness share funding of Bajaj Brazil, a wholly-owned subsidiary of the enterprise.
The board approved a monetary funding of as a lot as USD 10 million in a phased vogue.
