Bajaj Auto reports strong Q4FY18 numbers

India’s largest motorcycle company Bajaj Auto reported its fourth quarter result for the fiscal year 2018.

The company’s consolidated revenue for the quarter came in at Rs. 6,773.3 crore, registering 29.9 per cent yoy increase. This was primarily driven by 118 per cent yoy growth in CV vehicle volume to 1,88,989 units and 22 per cent yoy growth in motorcycle volume to 8,56,389 units.

The company enjoys a domestic market share of 16 per cent in the motorcycle industry.

EBITDA for the quarter rose by 2.6 per cent yoy to Rs. 1,315.13 crore with a corresponding margin contraction of 517 bps. EBITDA margin for the quarter stood at 19.4 per cent.

The PAT for the quarter came in at Rs. 1,175.47 crore, yoy increase of 36.3 per cent. The board of directors have recommended a dividend of Rs. 60 per equity share of Rs. 10 face value for the fiscal year 2018.

In terms of the full year 2017-18, the revenue stood at Rs. 25,563 crore, up by 10.7 per cent yoy. EBITDA for the period rose 8.2 per cent yoy to Rs. 4,782 crore. While EBITDA margin slipped slightly to 18.7 per cent as against 19.1 per cent. Net profit rose 3.4 per cent yoy to Rs. 4,219 crore.