Bajaj Auto Q4 net down 1%

Bajaj Auto reported a 1 per cent drop in net profit for Q4 FY’13 to Rs 766 crore while operating profit was almost flat at Rs 1,033 crore.

Written by ENS Economic Bureau | Pune | Published: May 17, 2013 2:59 am

Bajaj Auto reported a 1 per cent drop in net profit for Q4 FY’13 to Rs 766 crore while operating profit was almost flat at Rs 1,033 crore. Operating Ebitda was down 4 per cent to Rs 931 crore. The Q4 turnover was up 4 per cent to Rs 4,990 crore even though sales was down 4 per cent to 9,81,242 units. The company has seen a 1 per cent loss of market share in motorcycles which now stands at 31 per cent.

Bajaj Auto’s domestic motorcycle sales in Q4 FY’13 was down 10 per cent to 5.56 lakh units while exports rose 8 per cent to 3.03 lakh units. In the three-wheeler segment,Q4 domestic sales went up by 13 per cent to 60,079 though exports slipped 8 per cent to 61,468 units.

The Bajaj Auto stock on the BSE went to a high of Rs 1,884 but post results the share was down to Rs 1,801 before closing at Rs 1,807.

According to Mitul Shah,automotive analyst with Karvy Stock Broking,said the company’s bottomline was helped by a rise in other income and lower tax rate during Q4.

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