Bajaj Auto Q1 profit tanks 53% YoY to Rs 528 cr, EBITDA margin dips to 14%

The Pune-headquarted company's profit before tax (PBT) came in at Rs 681.67 crore compared with Rs 1,578.78 crore PBT logged in Q1FY20

Two-wheeler major Bajaj Auto on Wednesday reported a standalone net profit of Rs 528 crore for the April-June quarter of FY21 (Q1FY21), down 53 per cent, from a profit of Rs 1,125.67 crore in the year-ago period. Sequentially, the profit tumbled 60 per cent from Rs 1,310.29 crore posted in March quarter of FY20.
 

The number was in line with Street expectations. Analysts at Nomura, for instance, had pegged the profit at Rs 522.2 crore for the recently concluded quarter.
 

On a consolidated basis, the net profit was Rs 395.5 crore, down from Rs 1,012.16 crore clocked in Q1FY20.
 

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