Indian Auto conglomerate Bajaj Auto Limited has announced its Second quarter quarterly results for Q2FY21. According to results, the total volumes stood at 10,53,337 units, showing a decrease of 10 pc on year-on-year basis.  The company reported operational standalone revenue which stood at Rs 7,156 crore in Q2FY21, showing a decrease of 7 pc year on year.

Earnings before interest, taxes, depreciation, and amortization for the quarter was nearly flat at Rs 1,300 crore in th second quarter. EBITDA margin for the quarter improved to 18.2 pc from 16.9 pc in Q2FY20. Profit after tax (PAT) stood at Rs 1,138 crore in Q2FY21 as against Rs 1,402 crore in Q2FY20, showing a fall of 19 pc. Bajaj Auto could gradually ramp-up production and currently, operates at nearly 90 pc of normal levels, barring some sporadic interruptions from time to time due to supply chain disruptions caused by the local level lockdowns.

It reports that Pulsar sold the highest-ever units, which is almost 3,48,561 while KTM and Husqvarna sold 20,200 units. The domestic two-wheeler scaled up an increase of 6 pc from 5,21,350 units in second quarter FY20 to 5,50,194 units in Q2FY21. The overall domestic industry grew by 7 pc. Thus, Bajaj Auto was able to maintain its market share of 18.2 pc in H1FY21 as against 18.1 pc in H1FY20.

On Friday’s closing market, Bajaj Auto share price ended at Rs. 3,090.00  per share, up by Rs.83.80 or 2.79 percent from its previous closing on the National Stock Exchange.

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