Bajaj Auto Q1 Results: Revenue beats estimates, margin expands on better realisations
Bajaj Auto Ltd. reported a net profit of ₹1,988 crore for the quarter, matching expectations from a CNBC-TV18 poll. This marks a 19.4% year-on-year increase. Revenue rose by 16% to ₹11,928 crore, surpassing the estimated ₹11,700 crore. EBITDA grew by 24% to ₹2,416 crore, slightly above the anticipated ₹2,360 crore, with an improved margin of 20.2%, surpassing both estimates and last year’s figure by 130 basis points. The company credited this margin expansion to enhanced realisation and cost efficiencies, despite challenges in the electric two-wheeler segment.
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