Bajaj Auto Q1 results are one off; exports, three-wheelers to revive growth soon
While domestic sales are expected to bounce back in the following quarters this year, the three-wheeler sales and exports are expected to push Bajaj Autos growth.
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
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
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