Bajaj Auto Records Highest Ever Quarterly Net Profit
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Highlights
- Profit after tax for the third quarter stood at Rs. 1,556 crore
- Revenue from operations have been reported as Rs. 8,910 crore
- Bajaj reported highest-ever quarterly turnover at over Rs. 9,000 crore
India's largest exporter of two-wheelers, Bajaj Auto Limited, has reported a 23 per cent rise in net profit at Rs. 1,556 crore for the quarter ended December 31, 2020. During the same period a year ago, from October 2019 to December 2019, Bajaj had reported net profit of Rs. 1,262 crore. Bajaj also reported record quarterly results for the third quarter of 2020-21, with overall turnover exceeding Rs. 9,000 crore for the first time. Revenue from operations increased 17 per cent to Rs. 8,910 crore from Rs. 7,640 crore in the same period a year ago.
Also Read: Bajaj Auto Becomes World's Most Valuable Two-Wheeler Company
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The Bajaj Pulsar range continues to attract strong customer interest in the domestic market, with over 4 lakh Pulsar models sold in the quarter under review
During the quarter under review, Bajaj sold 5,85,469 two-wheelers in the domestic market, recording a 8 per cent growth over the 5,42,978 two-wheelers the company sold in the same period a year ago. Bajaj also recorded the highest ever two-wheeler exports in the September to December 2020 quarter, reporting exports of 6,08,398 two-wheelers, a 26 per cent growth over 4,84,183 two-wheelers exported in the same period a year ago.
Also Read: Bajaj Auto Profit Drops 19 Per Cent In Q2 2021
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The Bajaj Dominar range also continue to elicit strong consumer demand
On the product side, the Pulsar range of motorcycles accounted for over 4,20,000 unit sales in domestic and international markets, recording highest-ever volumes for the brand. The Bajaj Boxer brand also recorded highest-ever volumes in international markets, with over 3,80,000 units despatched during the quarter. In the domestic market, Bajaj Auto's overall share in the motorcycle market was 18.6 per cent in the third quarter of financial year 2020-21. In the second quarter, Bajaj's overall share was 17.5 per cent, and 18.5 per cent in the 2019-2020 financial year.
Also Read: Bajaj Auto To Invest Rs. 650 Crore At Chakan For New Plant
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Demand for sister brand KTM, where Bajaj owns 48 per cent stake, continues to remain strong
Demand for Pulsar, Dominar, KTM and Husqvarna models continue to remain strong, while the Pulsar 125 recorded sales of over 1,64,000 units during October to December, 2020, recording a 32 per cent growth over the second quarter. In the third quarter, market share for the Bajaj Pulsar 125 has grown to 22.8 per cent during the third quarter of 2020-21.
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Popular Bajaj Models
- Bajaj Pulsar 150Ex-Showroom Price₹ 1.1 - 1.15 Lakh
- Bajaj Pulsar N250Ex-Showroom Price₹ 1.38 - 1.5 Lakh
- Bajaj Avenger Cruise 220Ex-Showroom Price₹ 1.23 Lakh
- Bajaj Pulsar NS160Ex-Showroom Price₹ 1.46 - 1.85 Lakh
- Bajaj Avenger Street 160Ex-Showroom Price₹ 1.01 Lakh
- Bajaj Pulsar F250Ex-Showroom Price₹ 1.4 - 1.5 Lakh
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- Bajaj Pulsar 125Ex-Showroom Price₹ 72,122 - 80,218
- Bajaj CT 110Ex-Showroom Price₹ 61,869
- Bajaj Pulsar NS 125Ex-Showroom Price₹ 1.05 - 1.12 Lakh
- Bajaj Platina 110Ex-Showroom Price₹ 72,224
- Bajaj Platina 100Ex-Showroom Price₹ 52,915 - 63,578
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- Bajaj Dominar 250Ex-Showroom Price₹ 1.54 Lakh
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- Bajaj Pulsar NS400Ex-Showroom Price₹ 1.85 Lakh