Bajaj Corp reports net profit of Rs. 51.7 crore

Bajaj Corp’s total operating revenue in Q2FY19 increased 4.2 per cent yoy to Rs. 212.7 crore.

The company’s EBITDA for the quarter grew by 3.92 per cent yoy to Rs. 61.94 crore with corresponding margin expansion of 80 bps. EBITDA margin for the quarter stood at 30.10 per cent.

The net profit for the period increased marginally by 1.9 per cent yoy to Rs. 51.65 crore. Its net profit margin also improved slightly to 25.11 per cent from 24.90 per cent in Q2FY18.

The company’s market share across the segment improved substantially with chemist market share expanding to 8.4 per cent in second quarter from 7.4 per cent in first quarter of FY19, cosmetic division’s market share improved to 18 per cent from 13.2 per cent, and grocery market share improved to 11.5 per cent from 8.2 per cent.

During Wednesday’s trade, the stock of Bajaj Corp remained flat. At 13.00 hours the stock was trading at Rs. 363 apiece, up by 0.40 per cent from its previous close of Rs. 361.5 per share.