Pune-based Bajaj Auto today release its financial statement for the second quarter of Financial Year 2019-20, which ended with September 30,...
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.
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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.
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