Pune-based Bajaj Auto today release its financial statement for the second quarter of Financial Year 2019-20, which ended with September 30, 2019. The popular two-wheeler manufacturer ended the second quarter with an unaudited profit after tax (PAT) of ₹ 1402.42 crore, registering a growth of almost 18 per cent, as against the ₹ 1,152.48 crore profit achieved during the same period last financial year. The total income generated by the company between July and September 2019 stood at ₹ 8,100.76 crore, a decline of about 3 per cent, compared to the company’s total income of ₹ 8,346.74 generated during the same period.
Despite de-growth in total income, the company was able to achieve an increased profit can be attributed to the reduction in tax expense. In Q2 FY2019-20 the company paid just ₹ 206.49 crore, compared to ₹ 500.17 crore tax paid during the same quarter in FY2018-19. As for the company’s consolidated profit for the July-Sep 2019 period, it stood at ₹ 1,523.32 crore, a growth of 17 per cent compared to the Bajaj’s consolidated profit of ₹ 1,256.57 achieved during the same months last fiscal year.
Bajaj Auto’s total income for the first half (H1) of FY2019-20 stood at ₹ 16,297.83 crore, as compared to ₹ 16,158.54 crore income generated during the H1 of last fiscal year. As for Bajaj’s total profit achieved between April and September 2019, it stood at ₹ 2,528.09 crore, a growth of about 10 per cent compared to the ₹ 2,267.71 crore profit achieved during the same period in 2018.
As for volumes, Bajaj Auto’s total sales for the second quarter of this fiscal year stood at 1,173,591 units, a de-growth of 12 per cent, compared to the 1,339,444 units sold during the same period in FY2018-19. The company’s sales in the domestic market took a big hit at 629,080, a decline of 22 per cent compared to 804,645 sold between July and September 2018. Exports, however, saw a decent growth of 2 per cent at 544,511 units, compared to the 534,799 vehicles exported in the second quarter of FY2018-19.
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