Financial Daily from THE HINDU group of publications
Sunday, Oct 16, 2005
Financial Daily from THE HINDU group of publications Sunday, Oct 16, 2005 |
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Two/Three Wheelers Corporate Results - Two/Three Wheelers Bajaj Auto Q2 net up 61 pc on vehicle sales Our Bureau
Mumbai , Oct. 15 BAJAJ Auto Ltd (BAL) has reported a 61.63 per cent growth in net profit for the quarter ended September 30, 2005, at Rs 290.81 crore, from the previous corresponding Rs 179.92 crore. At the same time, its net sales and income from operations increased by 28.91 per cent to Rs 1,866.95 crore (Rs 1,448.25 crore for the year-ago period). According to a company statement the growth in profits was largely driven by the core automotive business. With other income also up at Rs 136.2 crore (Rs 88.27 crore), the company's total income gained by 30.37 per cent to Rs 2,003.15 crore (Rs 1,536.52 crore). Gross profit after interest but before depreciation and taxation was Rs 451.79 crore (Rs 327.68 crore) and profit before tax, Rs 402.81 crore (Rs 264.92 crore). At the half-year level, the company's net profit was up 45.09 per cent to Rs 499.81 crore (Rs 344.47 crore), while its total income was up 30 per cent to Rs 3,730.08 crore (Rs 2,869.08 crore). BAL's sales volume for the quarter amounted to 555,552 units (445,195 units) and for the half-year, 1,061,076 units (818,104 units). At September-end, the cost of the company's investment portfolio was Rs 5,212.6 crore (Rs 4,588.2 crore at FY05-end) while its market value was Rs 6,549.2 crore (Rs 5,329.9 crore). BAL's exports in value terms moved up by 15 per cent to Rs 407.2 crore for the first half period. In volume terms, exports increased by 17 per cent to 112,406 units.
Shares of BAL fell by Rs 54.50 or 3.12 per cent to Rs 1,691 on Friday.
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