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For the ninth straight quarter, Bajaj Auto has posted its best quarter ever, with net profit during Q1 FY12 at Rs 711 crore, rising 21 per cent year-on-year. Turnover stood at Rs 4,850 crore, a rise of 22 per cent over the corresponding quarter of last year.
In the quarter under review, the company has declared an EBITDA margin of 19.1 per cent. Shareholders approved a dividend of 400 per cent (Rs 40 per share) on the expanded share holding following 1:1 bonus last year.
While its larger motorcycles continued to notch higher sales, the company's exports at Rs 1,688 crore registered a growth of 40 per cent YoY in value terms.
Sales of the Pulsar averaged 75,000 units per month, while the Discover 125 sold 100,000 units during the quarter – its first full quarter. Mr Rajiv Bajaj, Managing Director, said he expected each of the remaining three quarters of the year to be better than the previous one.
Guidance
Giving the guidance for the medium term, he said that company wanted to replicate the growth achieved in the last three years. In the next three to four years, the company wants sales to go from 4.5 million units to 10 million a year, annual turnover to grow from Rs 20,000 crore to Rs 40,000 crore and profits to rise from Rs 3,000 crore to Rs 5,000 crore.
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