Bajaj Auto Ltd.

NSE: BAJAJ-AUTO | BSE: 532977 | ISIN: INE917I01010 | Industry: 2/3 Wheelers
| Turnaround Potential
4087.50 49.50 (1.23%)
NSE Aug 16, 2022 13:29 PM
Volume: 177.4K

Rapid Results Alerts
Bajaj Auto Ltd.    
26 Jul 2022

Bajaj Auto Announced Q1FY23 Result :

  • Resilient revenue and strong margin improvement in a challenging operating context
  • Revenue from operations at Rs.8,005 crores, was up 8% YoY led by pricing and mix
  • EBITDA grew at 15% YoY, with margin improving by 100 bps despite supply constraints, cost headwinds and a weak macro-economic context.
  • Judicious price increases, better foreign exchange realization and a favorable mix offset the material cost inflation and enabled margin improvement.
  • A significant milestone was delivered on the commitment to invest in the EV business - a new state-of- the-art plant was commissioned under Chetak Technology Limited in June 2022
  • A strong track record of cash generation was sustained; surplus cash stood at Rs 20,509 crores as on 30th June 2022 (vs. Rs 19,090 crores as on 31st March 2022)
  • Given the confidence on the cash generating ability and strong Balance Sheet position announced a buyback of equity shares upto Rs 2,500 crores under the open market through the stock exchange route



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