BAJAJ AUTO LIMITED
Q1 FY 2011 RESULTS
COMPARISON
NON CONSOLIDATED FIGURES
Bajaj Auto has released excellent Results for Q1 FY2011 – indicating all- round improvement.
Net Sales has gone up by 13.6% to Rs.3737 Cr in Q1 FY11 – compared to Rs.3290 Cr in Q4 FY10 – and by 65.4% compared to Rs.2259 Cr in Q1 FY2010. On a proportionate basis, it is also more by 29.9% compared to Rs.11509 Cr in FY2010 full year.
Total Expenditure has gone up by 18.3% to Rs. 3145 Cr – compared to Rs.2659 in Q4 FY10 – and by 64.1% compared to Rs.1916 Cr in Q1 FY2010 – and proportionately more by 32.9% compared to Rs.9467 Cr for FY2010.
Profit from Operations is up by 0.6% to Rs.745 Cr – compared to Rs.740 Cr in Q4 FY10 - and by 76.4% compared to Rs.422 Cr in Q1 FY10 – and proportionately more by 21.5% compared to Rs.2453 Cr in FY2010.
Net Profit is up by 11.6% to Rs.590 Cr – compared to Rs.529 Cr in Q4 FY2010 – and by 101% compared to Rs.293 Cr in Q1 FY10 – and proportionately more by 38.8% compared to Rs.1700 Cr in FY2010.
Basic EPS is Rs.40.8 – compared to 36.7 in Q4 FY10, Rs.20.3 in Q1 FY10 and Rs.117.7 in the full year of FY2010.
At this rate of progress – Bajaj auto could clock an EPS of Rs.162 or more, for FY2011.
Considering all the growth – and the company’s optimism in the future – Bajaj Auto is an excellent BUY. Its current PRICE is around Rs.2492. The P/E on the likely EPS of FY2011 is 15.38, which certainly leaves GOOD SCOPE for appreciation in future.
OTHER NEWS OF THE COMPANY:
Total motorcycle sales of the company grew by 72 percent. Domestic motorcycle sales grew by 71 percent as against the industry growth of 24 percent,' said the company in a statement.
Its motorcycle brands like Pulsar and Discover now contributed over 80 percent of domestic motorcycle sales.
The company sold 5,66,121 motorcycle units in 1st quarter - to grow its market share by 3% to reach 33 percent from 30 percent in the like period of previous year.
The three-wheeler segment also recorded its highest ever volume sales of 99,918 for the quarter with a growth of 58 percent.
The company exported 3,23,899 vehicles during the quarter, an increase of 82 per cent over the same period last year.
The company board has recommended bonus shares in 1 : 1 ratio.
Bajaj Auto Limited has informed the Exchange(NSE) vide its letter dated April 02, 2010 regarding a press release, titled "Bajaj has Record FY 2010, Targets 4 Million Vehicles in FY 2011 ".
Well. This is a Huge Target – of 1 million Vehicles every quarter! Bajaj has been bettering its record every month in the last 3 months ! So, it may achieve this BIG target also.
RESULTS IN FIGURES:
Jun-10 | Mar-10 | dif%1 | Jun-09 | dif%2 | dif%3 | ||
Net Sales | 373729 | 329045 | 13.6 | 225899 | 65.4 | 1150850 | 29.9 |
Other OptgIncome | 15277 | 10900 | 40.2 | 7948 | 92.2 | 41248 | 48.1 |
SIT & WIP | 8689 | -10063 | -186 | 4768 | 82.2 | -4760 | -830.2 |
Raw Materials | 255619 | 233728 | 9.4 | 141720 | 80.4 | 769823 | 32.8 |
Traded Goods | 12510 | 11771 | 6.3 | 8214 | 52.3 | 41981 | 19.2 |
Employees Cost | 12639 | 8619 | 46.6 | 11291 | 11.9 | 39946 | 26.6 |
Depreciation | 3182 | 3411 | -6.7 | 3308 | -3.8 | 13645 | -6.7 |
Other Expenditure | 21856 | 18442 | 18.5 | 22312 | -2 | 86114 | 1.5 |
Total Expenditure | 314495 | 265908 | 18.3 | 191613 | 64.1 | 946749 | 32.9 |
Profit .Operations | 74511 | 74037 | 0.6 | 42234 | 76.4 | 245349 | 21.5 |
Other Income5 | 8167 | 4250 | 92.2 | 2314 | 253 | 12250 | 166.7 |
P B I&EI | 82678 | 78287 | 5.6 | 44548 | 85.6 | 257599 | 28.4 |
Interest6 | 63 | -1 | -6400 | 597 | -89.4 | 598 | -57.9 |
P A I B B EI | 82615 | 78288 | 5.5 | 43951 | 88 | 257001 | 28.6 |
Exceptional Items7 | - | 4583 | 2402 | 16150 | |||
P B T | 82615 | 73705 | 12.1 | 41549 | 98.8 | 240851 | 37.2 |
Tax expense | 23600 | 20750 | 13.7 | 12200 | 93.4 | 70750 | 33.4 |
P A T | 59015 | 52955 | 11.4 | 29349 | 101 | 170101 | 38.8 |
Extrao.Items | - | 90 | - | 90 | |||
Net Profit | 59015 | 52865 | 11.6 | 29349 | 101 | 170011 | 38.8 |
Dividend (%) | - | 400 | - | 400 | |||
Face Value.Rs | 10 | 10 | 0 | 10 | 0 | 10 | |
Paid Up Equity | 14468 | 14468 | 0 | 14468 | 0 | 14468 | |
Reserves | - | - | - | 278366 | |||
Basic EPS A EI | 40.8 | 36.7 | 11.2 | 20.3 | 101 | 117.7 | 38.7 |
Diluted EPS A EI | 40.8 | 36.7 | 11.2 | 20.3 | 101 | 117.7 | 38.7 |
Basic EPS B EI | 40.8 | 36.7 | 11.2 | 20.3 | 101 | 117.7 | 38.7 |
Diluted EPSB EI | 40.8 | 36.7 | 11.2 | 20.3 | 101 | 117.7 | 38.7 |
Public holding.% | 50.26 | 50.3 | -0.1 | 50.26 | 0 | 50.3 |
ANNOUNCEMENTS
TO THE EXCHNAGE
22-07-2010 Bajaj Auto Limited has informed the Exchange that the Board of Directors has recommended at its meeting held on July 22, 2010 subject to the approval of the shareholders: (1) issue of bonus shares in the proportion of 1 (one) equity share of Rs. 10/- each for every 1(one) existing Equity Share of the company of Rs. 10/- each held by the members on a date to be fixed by the Board, by capitalizing a part of the General Reserves Account; and (2) Increase in authorized share capital from Rs. 150 Crore divided into 15 crore equity share of Rs. 10/- each to Rs. 300 crore divided into 30 crore equity shares of Rs. 10/- each.
22-07-2010 Bajaj Auto Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 373729 lacs for quarter ending on 30-JUN-2010 against Rs. 225899 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 59015 lacs for the quarter ending on 30-JUN-2010 against Rs. 29349 lacs for the quarter ending on 30-JUN-2009.
02-07-2010 Bajaj Auto Limited has informed the Exchange regarding a Press Release dated July 02, 2010 titled "Bajaj records highest ever sales in June 2010".
01-06-2010 Bajaj Auto Limited has informed the Exchange regarding a press release dated June 1, 2010, titled "Bajaj Records its Highest Ever May Sales"
12-05-2010 Bajaj Auto Limited has informed the Exchange that the Board of Directors of the Company , at its meeting held on May 12, 2010 have recommended a dividend of Rs.40 per share (400%) subject to approval of shareholders.
12-05-2010 Bajaj Auto Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 329045 lacs for quarter ending on 31-MAR-2010 against Rs. 178754 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 52865 lacs for the quarter ending on 31-MAR-2010 against Rs. 13021 lacs for the quarter ending on 31-MAR-2009.
12-05-2010 Bajaj Auto Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1154316 lacs for year ending on 31-MAR-2010 against Rs. 844603 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 159460 lacs for the year ending on 31-MAR-2010 against Rs. 53579 lacs for the year ending on 31-MAR-2009.
12-05-2010 Bajaj Auto Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1150850 lacs for year ending on 31-MAR-2010 against Rs. 843694 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 170011 lacs for the year ending on 31-MAR-2010 against Rs. 65450 lacs for the year ending on 31-MAR-2009.
03-05-2010 Bajaj Auto Limited has informed the Exchange vide its letter dated May 02, 2010 regarding a press release, titled "Bajaj Records its Highest Ever Sales in April 2010".
05-04-2010 Bajaj Auto Limited has informed the Exchange vide its letter dated April 02, 2010 regarding a press release, titled "Bajaj has Record FY 2010, Targets 4 Million Vehicles in FY 2011 ".
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