Bajaj Auto Ends Q2 FY2020 With A Profit Of Rs. 1402 Crore

Pune-based Bajaj Auto today release its financial statement for the second quarter of Financial Year 2019-20, which ended with September 30, 2019. The popular two-wheeler manufacturer ended the second quarter with an unaudited profit after tax (PAT) of Rs. 1402.42 crore, registering a growth of almost 18 per cent, as against the Rs. 1,152.48 crore profit achieved during the same period last financial year. The total income generated by the company between July and September 2019 stood at Rs. 8,100.76 crore, a decline of about 3 per cent, compared to the company's total income of Rs. 8,346.74 generated during the same period.

Also Read: Bajaj Chetak Electric Scooter Unveiled; Deliveries To Begin By January 2020

Despite de-growth in total income, the company was able to achieve an increased profit can be attributed to the reduction in tax expense. In Q2 FY2019-20 the company paid just Rs. 206.49 crore, compared to Rs. 500.17 crore tax paid during the same quarter in FY2018-19. As for the company's consolidated profit for the July-Sep 2019 period, it stood at Rs. 1,523.32 crore, a growth of 17 per cent compared to the Bajaj's consolidated profit of Rs. 1,256.57 achieved during the same months last fiscal year.

Bajaj Auto's total income for the first half (H1) of FY2019-20 stood at Rs. 16,297.83 crore, as compared to Rs. 16,158.54 crore income generated during the H1 of last fiscal year. As for Bajaj's total profit achieved between April and September 2019, it stood at Rs. 2,528.09 crore, a growth of about 10 per cent compared to the Rs. 2,267.71 crore profit achieved during the same period in 2018.

As for volumes, Bajaj Auto's total sales for the second quarter of this fiscal year stood at 1,173,591 units, a de-growth of 12 per cent, compared to the 1,339,444 units sold during the same period in FY2018-19. The company's sales in the domestic market took a big hit at 629,080, a decline of 22 per cent compared to 804,645 sold between July and September 2018. Exports, however, saw a decent growth of 2 per cent at 544,511 units, compared to the 534,799 vehicles exported in the second quarter of FY2018-19.



from CarandBike - Latest News

Comments

Post a Comment

Popular posts from this blog

Harley-Davidson Streetfighter Spotted In Flesh For The First Time

Image
Harley-Davidson unveiled a range of new motorcycles last year that included an adventure tourer, streetfighter and Custom range. This, along with the LiveWire electric motorcycle defines the new-age 21st century offerings from the manufacturer as it taps into newer markets and caters to an evolving customer base. Now, giving a glimpse of the new models out in the open, the new Harley-Davidson Streetfighter was spotted in the prototype version at what seems to be a trade show in the US, giving a good glimpse at motorcycle looks like in flesh. While board says 'Styling Prototype', the production-spec version of the Streetfighter is likely to stay identical to the model showcased here. In addition to the Streetfighter, the Pan America was also showcased at the same event. The production spec versions of both bikes could be unveiled at EICMA this year. Also Read: Harley-Davidson Livewire To Be Unveiled In India In August The Harley-Davidson Streetfighter is a completely new mot
Read more

Zongshen Cyclone RX6 Based On Norton 650 Nearing Completion

Image
While there still doesn't seem to be a buyer for iconic British brand Norton Motorcycles which went into administration in January this year, the firm's 650 cc parallel-twin seems to be finding life in China. While Norton apparently sold off the engine rights of its 961 engine to China's Jinglang just before the brand went into administration, the deal for the 650 cc engine was finalized way back in 2017 with Chinese giant Zongshen. The 650 cc parallel-twin engine was due to be used in Norton's Atlas and Superlight models, but now it looks like that engine platform will make its debut in a Zongshen motorcycle, called the Cyclone R6. Also Read: How Much Is Norton Motorcycles Worth Now? One of the patent designs shows the Cyclone RX6 with full touring accessories and luggage Two prototypes fitted with the 650 cc parallel-twin engine were shown in China late last year, on the Zongshen Cyclone RX6 adventure bike and the RX6 sport tourer. Both bikes used Zongshen-made
Read more

Brixton 1200 To Rival Triumph Bonneville T120

Image
A 1200 cc modern classic with similar design lines as Triumph's iconic Bonneville series, has reportedly been cleared for production. The bike was showcased as a concept at last year's EICMA motorcycle show, and from the looks of it, this is a model developed in China with the Triumph Bonneville T120 in its sights. The Brixton brand though is part of Austria's KSR Group, which imports bikes from several Chinese manufacturers, including CF Moto. And while the new Bonneville rival will be manufactured in China, the design and engineering has been created at KSR's design centre in Krups, Austria. Also Read: Triumph Bonnville T120 First Ride Review The Brixton 1200 cc motorcycle has not been named yet, or a launch timeline announced So far, the company has not committed to a launch date yet, but says that it will eventually make it to production. And from the looks of it, that may well be sometime later this year, maybe even at the EICMA 2020 show in Milan, Italy, in
Read more