Bajaj Auto Q3 Results: Check performance, highlights and key takeaways

Bajaj Auto Limited on Thursday declared its Q3 results for FY20. A meeting of the Board of Directors of Bajaj Auto Limited was held today, 30th January 2020, to consider and approve the results for Q3 / FY20. Noteworthy, in International Business, company recorded its HIGHEST ever quarterly volumes of 562,772 units in Q3 / FY20, a growth of 7% over Q3 / FY19 and now contributes ~43% of the net sales. In terms of Motorcycle – Domestic results, the industry recorded a decline of 14% over Q3 / FY19. Performance of Bajaj Auto was in line with the industry; in Q3 / FY20, recorded a share of 20%.

In the 100–110cc segment, Company sold over 299,000 units. As far as Commercial Vehicles are concerned, company continues to be a leader in the domestic market. It sold over 96,000 units in Q3 / FY20 and recorded a market share of 57%. Also, relative slowdown in Bangladesh was compensated by growth in Sri Lanka and Egypt. From performance, highlights and key takeaways, here is everything you need to know about Bajaj Auto Q3 Results for FY20.

-Volumes : 1,202,486 units

-Export Volumes : 562,772 units – Highest ever!

- Turnover : Rs 8,006 crore

- Revenue from operations : Rs 7,640 crore

-Operating EBITDA : Rs 1,406 crore

- Operating Profit : Rs 1,344 crore

-Profit before tax & exceptional items : Rs 1,671 crore

-Profit after tax : Rs 1,262 crore

-Consolidated Profit after tax : Rs 1,322 crore

Highlights for individual business units are given below:

 A. Motorcycle – Domestic

 Domestic motorcycle industry recorded a decline of 14% over Q3 / FY19.

Performance of Bajaj Auto was in line with the industry; in Q3 / FY20, recorded a share of 20%.

— In the 100–110cc segment, Company sold over 299,000 units.

➢ CT sold over 137,000 units of which CT110 sold over 76,000 units in Q3 / FY20.

➢ Platina sold over 159,000 units of which Platina 110H sold over 46,000 units in Q3 / FY20.

— Pulsar 125, launched in August 2019, sold over 68,000 units in Q3 / FY20.

— In the 150cc+ segment, the Company continues to maintain its dominance.

— Pulsar, along with Avenger, sold over 158,000 units in Q3 / FY20.

B. Commercial Vehicles

Company continues to be a leader in the domestic market.

Sold over 96,000 units in Q3 / FY20 and recorded a market share of 57%.

— RE brand is the market leader in the small three-wheeler segment; market share at 89%.

— MAXIMA brand is a dominant player in the big three-wheeler passenger carrier segment; market share at 38%.

— Goods carrier segment recorded a growth of 11% as against a decline of 3% for the industry; market share at 26%.

C. International Business

Company recorded its HIGHEST ever quarterly volumes of 562,772 units in Q3 / FY20,

a growth of 7% over Q3 / FY19 and now contributes ~43% of our net sales.

— Motorcycle sales grew by 11% over Q3 / FY19, to over 484,000 units, Highest ever.

➢ Africa, driven by Nigeria, Congo, Uganda and Ethiopia, recorded a growth of 15% over Q3 / FY19.

➢ SAME and ASEAN sales remained flat over Q3 / FY19.

Relative slowdown in Bangladesh was compensated by growth in Srilanka and Egypt.

➢ LATAM recorded a growth of 37% over Q3 / FY19.

— Commercial Vehicles, excluding Egypt, grew by 26%, to over 78,000 units.

— In value terms, exports in US$ was 426 million.

— Realization per US$ was Rs 71.3 in Q3 / FY20 as against Rs 70.6 in Q2 / FY20 and Rs 68.5 in FY19