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Page 19 - Bajaj Auto

Will Bajaj Auto's weak Street show be a one-off?

Bajaj Auto's June quarter results were below estimates, especially on the operating profit margin level, as lower volume growth and higher costs dented overall performance. Even so, the stock closed lower by only 0.2 per cent on Thursday, indicating the Street is taking cues from the one-off events of the past three-four months. Hope of better performance in the coming quarters and a good export showing also helped.Weak home volumesLed by a 23 per cent fall in domestic volumes due to the disruption caused by transition to BS-IV emission norms, as well as the new goods and services tax (GST), overall sales volumes fell nearly 11 per cent over a year. This dented revenue, which fell five per cent year-on-year but came higher than expected, largely due to export performance and realisations. Realisations (up six per cent) improved due to a superior product mix and price increases on account of BS-IV motorcycles, and helped stem the fall in revenue to an extent. Higher raw material cost ..

Updated On : 21 Jul 2017 | 2:41 AM IST

Bajaj Auto hits slow lane in June quarter as GST, BS-IV take their toll

Bajaj claims to have lost Rs 1,400 per vehicle to GST transition

Updated On : 20 Jul 2017 | 8:13 PM IST

Bajaj may be in for a rough ride

New Delhi, 3 JulyThe country's leading motorcycle maker, Bajaj Auto, is staring at a year-on-year decline of at least 10 per cent in revenue and profitability in the first quarter of FY18, that is April-June. The primary trigger for this weak performance is a 11 per cent drop in motorcycle sales volume for April-June quarter. The commercial vehicles business, primarily three-wheelers, saw an eight per cent drop in volume for the period. In addition to a sales volume decline, April-June quarter margin will also see impact from increased raw material prices. Benign commodity prices and increase in revenue had helped most vehicle companies report strong growth in profits for FY17. Bajaj Auto posted a consolidated profit of 4,079 crore for FY17. The Pune-headquartered company had a profit of ~978 crore for April-June of FY17 on sales of ~5,984 crore. Its profit had surged 13 per cent for the quarter from a year ago. A recent analyst report from Nirmal Bang said Bajaj Auto expects impact ..

Updated On : 04 Jul 2017 | 2:41 AM IST

Margin headwinds for Bajaj Auto

But Maharashtra govt removing cap on auto-rickshaw permit offers some relief

Updated On : 20 Jun 2017 | 2:49 AM IST

GST effect: Bajaj Auto reduces bike prices by up to Rs 4,500

Post-GST benefits will vary for each state and differ across motorcycle models.

Updated On : 15 Jun 2017 | 11:14 AM IST

Bajaj Auto in recovery mode in FY18 after note ban; BS-III ban hit sales

The company plans to enter at least five new markets the current financial year

Updated On : 21 May 2017 | 1:01 PM IST

Weak volumes, higher costs dent Bajaj Auto's Q4 show

Barring the margin blip, Bajaj Auto reported fourth quarter number broadly in line with Street expectations. Despite the weak volumes which fell nearly 10 per cent in the quarter due to fall out of demonetisation and shift to BSIV standard, revenues driven by higher realisations came in at Rs 5,212 crore, down by 3 per cent over the year ago quarter. Revenues came in better than Bloomberg consensus estimates of Rs 4,830 crore. The reported operating profit margins for the company came in at 21.2 per cent, pegged back by higher raw material costs as well expenditure associated with transition from BSIII to BSIV emission standards. Margins were down 210 basis points as compared to the year ago period. Higher raw material costs as well as stiff competition across its categories will limit scope for further margin gains going ahead. The weak operating performance and higher costs led to the disappointment on the net profit front. The bottomline at Rs 801 crore was down 15.6 per cent year .

Updated On : 18 May 2017 | 11:49 PM IST

Bajaj Auto sales down 11 per cent in March, total export up by 1.3 per cent

Domestic sales stood at 1,69,279 units, down 17.13%

Updated On : 03 Apr 2017 | 12:16 PM IST

Bajaj bats for BS-IV but has 80k BS-III units

Company made about 5,000 BS-III Pulsars in February

Updated On : 27 Mar 2017 | 12:38 AM IST

Bajaj cheers at Feb sales

Pune headquartered Bajaj Auto is celebrating. The country's most profitable two wheeler maker claims to have surpassed volumes sold by market leader Royal Enfield in the 350-500cc motorcycle segment in February with Dominar, a 400cc motorcycle it launched in December. Royal Enfield, however, says Bajaj is celebrating too early. Bajaj has sold about 3,000 units of Dominar a month this calendar year and is drawing a comparison with the February volume of Royal Enfield in the 350-500 cc segment when the bullet maker did wholesale volume of 2,602 units. Eric Vas, the president for motorcycle business at Bajaj said, "We have already overtaken Royal Enfield in the 350-500cc segment. They used to sell average of 5,000 units a month until few months ago". Vas claims that two out of every ten Dominar was sold to customers who owned a Royal Enfield. "Some have sold it to buy Dominar and some have bought it as their second bike". He added that there has been a decline in the waiting period of ..