2/3 Wheelers company Bajaj Auto announced Q3FY24 results: Key Financial Highlights: Revenue from Operations of Rs 12,114 crore, up 30% YoY Quarterly EBITDA reached its highest ever at Rs 2,430 crore, marking a YoY increase of 37%. Profit After Tax surpassed the 2,000 crore milestone at Rs 2,042 crore, up 37% YoY. Margin increased to 20.1%, up by +100 basis points (bps) YoY. Factors contributing to margin improvement include better realizations, dynamic cost management, and operating leverage. Balance sheet remains healthy with surplus cash at Rs 18,439 crore as of the end of December. A buyback of Rs 4,000 crore at Rs 10,000 per share was announced, pending shareholder approval. Domestic Business Performance: Domestic business delivered a robust quarter with volume-led revenue growth of nearly 50% YoY. Double-digit YoY growth across all segments, including motorcycles (especially in the 125cc+ category), commercial vehicles, and electric 2W/3W portfolio. Export Growth: Despite challenges in overseas markets, exports saw near double-digit YoY revenue growth. Market share held steady, and a slight uptick in billing volumes was observed. Growth in exports was driven by a stronger performance in LA TAM, Asia, and premium bike exports, offsetting challenges in Africa. Motorcycle Segment: Domestic motorcycles maintained a solid run, growing 2X of the market. Pulsar, with its highest quarterly volume of 400K units, led competitive growth in the 125cc+ segment. Flagship event 'Pulsarmania' across 100+ cities contributed to reinforcing the brand proposition. Commercial Vehicles: Commercial vehicles continued to perform well, maintaining a volume trajectory of >40K units per month. The popularity of e3W and segment leadership prompted the advancement of network expansion plans. Chetak e2W Performance: Investments in Chetak e2W yielded results, with volumes >3X YoY. Exit market share at 14%, compared to 5% in the previous year. Chetak's portfolio strengthened with the introduction of new Urbane and Premium scooters. Triumph Motorcycles: Triumph observed encouraging double-digit segment market share across select cities. Export markets commenced operations, and a well-received Scrambler launch took place in October. ~15K units delivered, with plans to expand the domestic network to 41 cities. Result PDF