Bajaj Auto rose 2.82% to Rs 2,616.85 at 12:32 IST on BSE after the company's consolidated net profit fell 2.84% to Rs 1,012.17 crore on a 3.89% increase in net sales to Rs 7,755.82 crore in Q1 June 2019 over Q1 June 2018.
The result was announced during market hours today, 26 July 2019.
Meanwhile, S&P BSE Sensex was up 56.80 points or 0.15% at 37,887.78.
On BSE, 64,000 shares were traded in Bajaj Auto counter, compared to a 2-week average of 16,000 shares. The stock hit an intraday high of Rs 2,648.05 and an intraday low of Rs 2,506.15. It hit a 52-week high of Rs 3,145.55 on 17 May 2019 and a 52-week low of Rs 2,425 on 25 October 2018.
Bajaj Auto's standalone net profit rose 1% to Rs 1126 crore on a 4% rise in revenue from operations to Rs 7756 crore in Q1 June 2019 over Q1 June 2018.
The company's EBITDA declined by 9% to Rs 1,250 crore in Q1 June 2019 over Q1 June 2018. The EBITDA margin also fell to 16.1% from 18.3% in Q1 June 2019 over Q1 June 2018. The operating profit declined by 8% to Rs 1,189 crore in Q1 June 2019 over Q1 June 2018.
As on 30 June 2019, surplus cash and cash equivalents stood at Rs 17,126 crore as against Rs 16,368 crore as on 31 March 2019.
Bajaj Auto manufactures motorcycles, three-wheelers and parts.
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