Bajaj Auto Ltd. reported first-quarter standalone web revenue rose 19% from the year-earlier interval to ₹1,988 crore.
Turnover at ₹12,249 crore crore grew 15% Yr on Yr (YoY) on the again of strong automobile gross sales and file income from spare elements.
The quarter witnessed “quantity growth throughout each home and export companies, additional bolstered by a beneficial combine to drive double-digit income development but once more,” the corporate stated in a submitting.
Margin at 20.2%, rose130 bps YoY, pushed by higher realisation and price discount which extra than offset the drag from the rising e2W enterprise; sequentially, margin was sustained at the 20% ranges but once more.
Home enterprise maintained its momentum and resilience, registering its ninth successive quarter of double-digit development, the corporate stated. Exports income grew double-digit YoY with Latin America clocking its highest ever and an uptick in Asia assuaging challenges in Africa, it added.
On the finish of the quarter the corporate had surplus money of ₹16,764 crore offering enough gasoline for future development investments, it added.
