Two-wheeler maker-Bajaj Auto Limited, has reported a 2% y-o-y growth in standalone net profit at INR 1,332 cr for Q4 FY ’21 compared to INR 1,310 cr in the year-ago period.
Performance Highlights are as follows:
- In FY ’21, Bajaj Auto witnessed a sharp increase in input costs, EBITDA margins were 18.3 % against 17.6% for FY ’20, on the back of better product mix and various austerity measures.
- For FY ’21, revenue from operations recorded a decline of 7% and profit declined by 11 % against FY ’20.
- The Company witnessed a healthy double-digit growth in sales volume of motorcycles in the domestic market and overall exports, up 18% y-o-y in Q4 FY ’21.
- Exports were recorded at 635,000 units, up 24% y-o-y in Q4.
The domestic commercial vehicle business remains impacted due to inadequate demand for short distance mobility. However, over the quarters, this business is recovering, albeit slowly.
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