Bajaj Auto hits slow lane in June quarter as GST, BS-IV take their toll

Bajaj claims to have lost Rs 1,400 per vehicle to GST transition

Poor monsoon, BS-III to BS-IV conversion and a high reimbursement cost for GST billing transition has affected Bajaj Auto's Q1 Profit. Consolidated Profit After Tax (PAT) declined by 19.51 per cent compared to the same quarter last year. PAT in Q1FY18 stood at Rs 837 crore against Rs 1040 in Q1 FY17.

Operating EBIDTA margin of the company stood at 18.3 per cent which is a seven year low. According to experts, it's a major disappointment for the company as they were expecting 20 per cent. Net sales and operating income fell by 5 per cent. "Domestic motorcycle has seen