Key highlights:

  • Bajaj Auto reported a growth of just 2.2% in its net profit during the Q1 FY18
  • Bajaj Auto is expected to make a comeback soon as a result of its exports
  • Domestic sales to normalise once again post GST implementation

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Though Bajaj Auto reported a growth of just 2.2% in its net profit during the Q1 FY18, this was seen as a one of quarter for the company. The company's Q1 FY18 margins were at a seven year low and its net profit of Rs 978.3 crore for the quarter ended on June 30 as compared to Rs 957.3 crore during the same period a year ago.

However, Bajaj Auto is expected to make a comeback soon as a result of its exports. Although domestic volumes declined, exports volumes grew by 11% yoy and 26% qoq on strong surge in markets other than Sri Lanka and Nigeria.

Bajaj Auto posts just 2.2% rise in net profit in Q1FY17

  • Bajaj Auto's Q4FY17 net profit stood at Rs 802 crore; volume growth down 10%
  • Bajaj Auto's bikes just became cheaper thanks to GST
  • Bajaj Auto hopes to rev up sales in FY18 after bumpy ride