Bajaj Auto Ltd. Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 02:34 am
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Bajaj Auto Ltd. announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 53,541.3 million against INR 58,842.5 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items were INR 9,667.4 million compared to INR 10,969.9 million a year ago. Profit from ordinary activities before tax was INR 12,857.7 million against INR 13,392.4 million a year ago. Net profit from ordinary activities after tax was INR 9,246.2 million against INR 9,706.1 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 32.0 against INR 33.5 a year ago. Operating EBITDA was INR 11,310 million against INR 12,350 million a year ago. The company reported a 4.73% year-on-year drop in net profit while turnover was down 9% as demonetisation adversely impacted the company's domestic market performance.
For the nine months, on standalone basis, the company reported total income from operations (net) of INR 178,752.0 million against INR 181,730.3 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items were INR 32,847.8 million compared to INR 33,975.2 million a year ago. Profit from ordinary activities before tax was INR 42,119.9 million against INR 42,135.6 million a year ago. Net profit from ordinary activities after tax was INR 30,257.4 million against INR 29,803.4 million a year ago. Basic and diluted earnings per share were INR 104.6 against INR 103.0 a year ago.
For the quarter, on consolidated basis, the company reported total income from operations (net) of INR 53,541.3 million against INR 58,842.5 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items were INR 9,668.4 million compared to INR 10,988.1 million a year ago. Profit from ordinary activities before tax was INR 12,852.7 million against INR 13,390.9 million a year ago. Net profit from ordinary activities after tax was INR 9,242.2 million against INR 9,704.6 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 33.8 against INR 35.6 a year ago.
For the nine months, on consolidated basis, the company reported total income from operations (net) of INR 178,752.0 million against INR 181,730.3 million a year ago. Profit from ordinary activities before other income, finance costs and exceptional items were INR 32,828.6 million compared to INR 33,968.7 million a year ago. Profit from ordinary activities before tax was INR 42,101.9 million against INR 41,238.3 million a year ago. Net profit from ordinary activities after tax was INR 30,239.4 million against INR 28,906.1 million a year ago. Basic and diluted earnings per share were INR 111.2 against INR 105.9 a year ago.
Bajaj Auto is one of India's leading producers of motorcycles and three-wheeled commercial vehicles used to transport materials and passengers. In 2017/18, the group sold 3.4 million units.
At the end of March 2018, Bajaj Auto had 4 production sites located in India.
India accounts for 63.8% of net sales.