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ICICI Direct Report
Bajaj Auto Ltd. reported a stable performance in Q3 FY22. Net sales came in at Rs 8,806 crore. Blended average selling prices for the quarter were at Rs 74,537/unit, up 1.7% QoQ.
Total volumes for the quarter were at 11.8 lakh units, up 3.2% QoQ with exports share in volumes pegged at 56%.
Bajaj Auto's reported Ebitda in Q3 FY22 was at Rs 1,372 crore, with Ebitda margin coming in at 15.2% (down 80 basis points QoQ). The real surprise came in the form of savings realised under other expenses, which were at 6.3% of sales.
Consequent reported profit after tax was down 4.7% QoQ to Rs 1,214 crore.
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