{"id":3000,"date":"2024-07-16T09:24:57","date_gmt":"2024-07-16T09:24:57","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=3000"},"modified":"2024-07-16T11:17:52","modified_gmt":"2024-07-16T11:17:52","slug":"bajaj-auto-q1-results-net-profit-jumps-18-to-rs-1942-crore-revenue-grows-16","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/bajaj-auto-q1-results-net-profit-jumps-18-to-rs-1942-crore-revenue-grows-16\/","title":{"rendered":"Bajaj Auto Q1 Results: Net Profit Jumps 18% to Rs 1,942 Crore, Revenue Grows 16%"},"content":{"rendered":"\n<p>Bajaj Auto, a major player in the two-wheeler market, reported a consolidated net profit of Rs 1,942 crore for the quarter ending June 30, 2024. This marks an 18% increase from the Rs 1,644 crore reported during the same period last year. The company\u2019s revenue from operations for this quarter rose to Rs 11,932 crore, a 16% increase compared to Rs 10,312 crore in the same quarter of the previous year.<\/p>\n\n\n\n<p>However, this quarter&#8217;s profit after tax (PAT) was 3.4% lower than the Rs 2,011 crore reported in the previous quarter (January-March). On a standalone basis, Bajaj Auto&#8217;s PAT for Q1FY25 was Rs 1,988 crore, reflecting a 19% increase from Rs 1,665 crore year-on-year. The standalone revenue from operations stood at Rs 11,928 crore, up 16% from Rs 10,310 crore reported in the same period last year. Sequentially, the standalone PAT increased by 3% from Rs 1,936 crore in Q4FY24, while the revenue grew by 4% from Rs 11,485 crore in the previous quarter.<\/p>\n\n\n\n<p>Following the earnings announcement during market hours, Bajaj Auto\u2019s stock rose by 2.5%, reaching a high of Rs 9,909.95 on the NSE. The company&#8217;s standalone Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) was Rs 2,415 crore, a 24% year-on-year increase. The tyre margins improved by 130 basis points to 20.2% due to better realisation and cost reduction, which offset the negative impact from the electric two-wheeler (e2W) business.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Bajaj Auto Q1 Sales Volume<\/h4>\n\n\n\n<p>In the April-June quarter, Bajaj Auto sold 11,02,056 units, marking a 7% year-on-year increase from 10,27,407 units sold in the same period last year. Sequentially, this was a 3% increase. The company sold 9,50,917 two-wheelers in Q1FY25, a 7% year-on-year growth from 8,89,330 units and a 4% increase from the previous quarter. Sales of commercial vehicles jumped 9% year-on-year to 1,51,139 units.<\/p>\n\n\n\n<p><em>Do you have a news tip for Lakshmishree reporters? Please email us at\u00a0<a href=\"mailto:media@lakshmishree.com\" target=\"_blank\" rel=\"noreferrer noopener\">media<\/a><\/em>@lakadmin<\/p>\n\n\n\n<p><sup>Source &#8211; <a href=\"https:\/\/m.economictimes.com\/markets\/stocks\/earnings\/bajaj-auto-q1-results-pat-jumps-18-yoy-to-rs-1942-crore-revenue-rises-16\/articleshow\/111777579.cms\" target=\"_blank\" rel=\"noopener\">ET<\/a><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bajaj Auto, a major player in the two-wheeler market, reported a consolidated net profit of Rs 1,942 crore for the quarter ending June 30, 2024. This marks an 18% increase from the Rs 1,644 crore reported during the same period last year. The company\u2019s revenue from operations for this quarter rose to Rs 11,932 crore, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[62],"tags":[103,102,104],"class_list":["post-3000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results","tag-bajaj-auto-net-profit","tag-bajaj-auto-q1","tag-quarterly-result"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=3000"}],"version-history":[{"count":3,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3000\/revisions"}],"predecessor-version":[{"id":3004,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/3000\/revisions\/3004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/3001"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=3000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=3000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=3000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}