On October 14, Bajaj Auto Limited (BAL) revealed that its standalone net profit for the three months ended September 2022 was Rs 1,530 crore, up 20% from the Rs 1,274.55 crore reported in the same period the previous year. In terms of Quarter over Quarter (QoQ), it increased by 30% from 1,173.30 crore in the prior quarter.
In an exchange filing, the business said that its operating revenue increased by 16 percent to Rs 10,202.77 crore from Rs 8,762.18 crore in the equivalent period of the prior fiscal. On a quarterly basis during the fiscal year 2022–23, its revenue increased by 27.45% from Rs. 8,004.90 crore. For the quarter under review, Bajaj Auto’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) margins at 1,759 crore showed a 26% year-over-year growth.
“Revenue growth is aided by the recovery of volumes on the improvement of semiconductor supplies. Margin up by 100 basis points led by judicious price increases, dynamic cost management and better foreign exchange realization . Continued improvement in chip supplies enabled a healthy build-back of inventory ahead of the festive season,” BAL said in a statement.