Bajaj Auto Q1 Results: Net profit jumps better-than-expected 19% as Freedom 125 CNG motorcycle maker clocks double-digit growth in revenue, EBITDA

Bajaj Auto Q1 Results: Bajaj Auto - which recently rolled out its CNG-powered motorcycle Freedom 125 - on Tuesday reported a standalone net profit of Rs 1,988.3 crore for the April-June period, translating to a year-on-year increase of 19.4 per cent that exceeded analysts' expectations. The Pune-headquarter auto major - whose popular models include Pulsar, Discover and Dominar - staged a strong quarterly performance with double-digit growth in its net profit, revenue as well as earnings before interest, taxes, depreciation and amortisation (EBITDA). 

The auto major registered revenue of Rs 11,928 crore for the first quarter of the current financial year, up 15.7 per cent on a year-on-year basis, on the back of robust vehicle sales and record spares sales, according to a regulatory filing. 

According to Zee Business research, Bajaj Auto's June-quarter net profit was estimated at Rs 1,980 crore and revenue at Rs 11,790 crore. 

The auto maker registered an EBITDA margin of 20.2 per cent for the June quarter, up 130 basis points (bps) on a year-on-year basis, it said.

Zee Business analysts had pegged Bajaj Auto's first-quarter margin at 20 per cent. 

Bajaj Auto said its domestic business maintained its momentum and resilience, registering its ninth successive quarter of double-digit growth.  

Its two-wheeler volumes increased 7.3 per cent to 5,82,497 units. 

Bajaj Auto shares inched 0.2 per cent higher to end at Rs 9,696.3 apiece after the earnings announcement. 

Bajaj Auto Stock Price: Historical performance

As of July 15, Bajaj Auto shares have almost doubled in a year, sharply outperforming rallies of about 25 per cent and 63 per cent in the Nifty50 and Nifty Auto indices, respectively.

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