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Bajaj Auto slides after weak quarterly earnings

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Capital Market

Bajaj Auto fell 1.69% to Rs 2,006 at 13:53 IST on BSE after the company declared weak Q4 December 2014 results during trading hours today, 15 May 2014.

Meanwhile, the BSE Sensex was down 2.05 points, or 0.01%, to 23,813.07.

On BSE, so far 37,000 shares were traded in the counter, compared with an average volume of 19,212 shares in the past one quarter.

The stock hit a high of Rs 2,058.70 and a low of Rs 1,981 so far during the day. The stock hit a 52-week high of Rs 2,193.85 on 17 October 2013. The stock hit a 52-week low of Rs 1,683.35 on 28 August 2013.

 

The stock had underperformed the market over the past one month till 14 May 2014, rising 1.81% compared with 5.24% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 10.91% as against Sensex's 16.93% rise.

The large-cap company has an equity capital of Rs 289.37 crore. Face value per share is Rs 10.

Bajaj Auto's net profit fell 0.24% to Rs 763.93 crore on 2.55% increase in total income to Rs 5117.10 crore in Q4 March 2014 over Q4 March 2013.

Operating earnings before interest, taxes, depreciation and amortization (EBITDA) margin stood at 20.6% in Q4 March 2014 compared with 18.9% in Q4 March 2013.

Bajaj Auto's net profit rose 6.56% to Rs 3243.32 crore on 0.30% increase in total income to Rs 20855.92 crore in the year ended March 2014 over the year ended March 2013.

Operating EBITDA margin stood at 21.5% in the year ended March 2014 compared with 19.1% in the year ended March 2013.

On a consolidated basis, net profit rose 7.90% to Rs 3380.28 crore in the year ended March 2014 over the year ended March 2013. Sales were almost flat at Rs 20840.10 crore in the year ended March 2014 over the year ended March 2013.

Total vehicle sales fell 4.63% to Rs 9.35 lakh units in Q4 March 2014 over Q4 March 2013.

Total vehicle sales declined 8.66% to Rs 38.70 lakh units in the year ended March 2014 over the year ended March 2013.

Cash and cash equivalents as on 31 March 2014 stood at Rs 7759 crore as against Rs 5706 crore as on 1 April 2013.

Bajaj Auto is India's second largest two-wheeler maker after Hero MotoCorp.

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First Published: May 15 2014 | 1:56 PM IST

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