Bajaj Auto declared its quarterly results for Q2 of FY21 on 22nd October 2020. The all-out volumes remained at 10,53,337 units, indicating a diminishing of 10% YoY.
Pulsar sold the most elevated ever units, which is very nearly 3,48,561 while KTM and Husqvarna sold 20,200 units. The homegrown bike indicated an expansion of 6 per cent from 5,21,350 units in Q2FY20 to 5,50,194 units in Q2FY21. The general homegrown industry developed by 7 per cent in Q2FY21. Accordingly, Bajaj Auto had the option to keep up its piece of the overall industry of 18.2 per cent in H1FY21 as against 18.1 per cent in H1FY20.
The organization, detailed independent income from tasks, remained at Rs 7,156 crore in Q2FY21, demonstrating a decline of 7 per cent YoY. EBITDA for this quarter was almost level at Rs 1,300 crore in Q2FY21. Along these lines, the EBITDA edge for Q2FY21 improved to 18.2 per cent from 16.9 per cent in Q2FY20. Benefit after assessment remained at Rs 1,138 crore in Q2FY21 as against Rs 1,402 crore in Q2FY20, demonstrating a lessening of 19 per cent. Bajaj Auto could step by step increase creation and presently, works at almost 90% of typical levels, banning some inconsistent breaks every once in a while because of gracefully chain interruptions brought about by the nearby level lockdowns.
Since the beginning of 2020, the stock has given a flat out the return of – 4.38 per cent, outflanking S&P BSE Sensex, which gave an arrival of – 1.80 per cent.
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