Bajaj Auto announced the results for Q3/FY15. The company reported its 2nd highest Profit before tax of Rs 1,256 crore and 2nd highest Profit after tax of Rs 861 crore. The operating EBITDA margin improved from 20.2% in H1/FY15 to 21.1% in Q3/FY15.
The total motorcycle sales in domestic as well as in international markets stood at 845,000 units. Pulsar and Avenger, globally ( domestic + exports ) sold over 234,000 units as against 214,000 units in Q3/FY14, a growth of 9%. The Discover sold over 209,000 units globally (domestic + exports). Discover 150, launched in mid-Q2 / FY15 in the domestic market, sold over 102,000 units. Platina recorded a growth of 5% in the domestic market; market share ~21%. In terms of commercial vehicle (three-wheeler) business, Bajaj sold over 139,000 units in domestic and international markets marking a growth of ~32% over Q3/FY14.
Operating EBITDA margin (before MTM) has improved sequentially from 20.2% in H1/FY15 to 21.1% in Q3/FY15.
We feel that the launch of the Pulsar 200SS will help the two-wheeler major clock even better sales in coming quarters.
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