Bajaj Auto Q1 results: PAT more than doubles to Rs 1,061 crore; Ebitda margin expands 130 bps to 15.6%
Profit, however, fell 20 per cent sequentially, as the recovery over the three-month period was undone by partial lockdowns due to second Covid wave, the two-wheeler maker said in a BSE filing.
Revenue from operations soared 139.88 per cent to Rs 7,386 crore from Rs 3,079 crore in the year-ago quarter. Revenues fell 14 per cent sequentially.
Ebitda margin for the quarter came in at 15.6 per cent, which was 250 basis points lower than March quarter’s 18.1 per cent, but was higher than the year-ago’s 14.3 per cent.
Ebitda margin was largely impacted sequentially on three counts. Lower revenue from operations resulted in loss on spread of fixed costs by 160 basis points, Bajaj Auto said. Besides, increase in cost of raw material, net of increase in prices resulted in 220 basis points fall in Ebitda margin.
“This was partially offset from higher dollar realisation and improved mix,” Bajaj Auto said.
