About the Company:
Bajaj Auto Limited is an Indian global two-wheeler company and three-wheeler manufacturing company based in Pune, Maharashtra. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940. It manufactures motorcycles, scooters and auto rickshaws. Bajaj Auto is the world's third-largest manufacturer of motorcycles and the second-largest in India. It is the world's largest three-wheeler manufacturer.
QoQ & YoY Performance:
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs.7707.32 crores, down by 0.63% in the September quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.6428.49 crores, is decrease by 1.99%. EBITDA numbers surged by 8.97%.
- YoY Performance: The Company has reported a 4.09% declined in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company has slipped by 2.94%. EBITDA numbers down by 2.98%.
- Profitability of the company: Net profits of the company landed to Rs. 1523.32 crores, up by 50.50% QoQ and surged by 21.23% YoY.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs 3210 per share. The automobile company declare its result, profit after tax (PAT) increased by 50.50% QoQ and 21.23% YoY. Hence, we recommended to “BUY” and the target will be 3470.