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Business News/ Companies / Company Results/ Bajaj Auto Q2 Results Live Updates: Net profit rises 9% to ₹2,005 crore, revenue at ₹13,127 crore

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Bajaj Auto Q2 Results Live Updates: Net profit rises 9% to ₹2,005 crore, revenue at ₹13,127 crore

1 min read . Updated: 16 Oct 2024, 05:58 PM IST

Shivangini, Vaamanaa Sethi

Bajaj Auto Q2 Results Live Updates: Two-wheeler leader Bajaj Auto reported a standalone net profit of ₹2,005 crore for the quarter ending September 2024, reflecting a 9% increase from the ₹1,836 crore achieved during the same period last year.

Bajaj Auto Q2 Results Live Updates: Automaker giant to announce earnings today, shares up (Photo: Company website) — Bajaj Auto Q2 Results Live Updates: Automaker giant to announce earnings today, shares up **(Photo: Company website)**

Bajaj Auto Q2 Results Live Updates: Two-wheeler giant Bajaj Auto, on Wednesday, announced a standalone net profit of ₹2,005 crore for the quarter ending in September 2024, marking a 9% increase from the ₹1,836 crore recorded in the same period last year.

The company's revenue from operations stood at ₹13,127 crore, reflecting a 22% rise compared to ₹10,777 crore in the corresponding quarter of the previous financial year.

16 Oct 2024, 05:58:39 PM IST

Bajaj Auto Q2 Results Live: Domestic volume soars 22%

Domestic volumes reached 7,76,711 units, reflecting a 22% year-on-year increase. In the same quarter of the previous financial year, the figure was 6,37,556 units.

16 Oct 2024, 05:11:30 PM IST

Bajaj Auto Q2 Results Live: EBITDA surges 24% YoY to ₹2,653 crore

At ₹2,653 crores, EBITDA achieved its highest level ever, growing a robust 24% year-on-year, with margins remaining above 20% once again. Effective business management allowed margins to stay steady despite challenges from the significant increase in electric two-wheelers (e2Ws) and rising commodity costs. The 40 basis points year-on-year improvement was mainly driven by favorable currency conditions and operational leverage.

16 Oct 2024, 04:47:22 PM IST

Bajaj Auto Q2 Results Live: Revenue from operations soar 22%

The company reported operational revenue of ₹13,127 crore, reflecting a 22% increase compared to ₹10,777 crore in the same quarter of the previous financial year.

16 Oct 2024, 04:42:54 PM IST

Bajaj Auto Q2 Results Live: Net profit rises 9% to ₹2,005 crore

Bajaj Auto, on Tuesday, posted 9 per cent rise in its standalone net profit to ₹2,005 crore.

16 Oct 2024, 12:38:32 PM IST

Bajaj Auto Q2 Results Live: Bajaj Auto forecasts improved EBITDA margin driven by product mix and cost control

The EBITDA margin is anticipated to increase by 52 basis points to 20.3%, up from 19.8% year-over-year. This improvement is attributed to a more premium product mix, operating leverage, and effective cost control measures.

Looking ahead, a critical aspect to monitor in Bajaj Auto's Q2 results will be the demand outlook in both domestic and international markets, as well as developments in CNG and E-mobility initiatives.

16 Oct 2024, 12:29:40 PM IST

Bajaj Auto Q2 Results Live: Premium segments, export growth to propel revenue forward

The revenue growth is projected to be supported by a 16% year-over-year rise in volumes, reaching 12.21 lakh units, along with a slight uptick in Average Selling Prices (ASP) due to a more premium product mix. The expansion of premium two-wheeler segments, growth in exports, and price hikes implemented throughout the year are anticipated to further bolster revenue.

16 Oct 2024, 10:11:16 AM IST

Bajaj Auto Q2 Results Live: Brokerage firm Motilal Oswal's views

“Domestic volumes grew 21% YoY, while export volumes rose 7% YoY. In domestic motorcycles, after many quarters, the mix is estimated to have deteriorated given higher sales of Chetak and Freedom 125 and a normalizing momentum for Pulsar 125," Motilal Oswal said.

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