Tuesday, October 19, 2010

BAJAJ AUTO = Q2 FY 11 RESULTS EXCELLENT SALES AND EPS = CONTINUES TO BE AN INVESTORS' DELIGHT


Bajaj Auto Limited
NSE Symbol   BAJAJ-AUTO
Bajaj Auto has come up with another set of excellent results and performance for 2nd Quarter (ending asept,2010.
Net Sales is Rs.4180.91 cr – up by 11.87% from previous qtr and by 49.68% from corresponding qtr of last year.
Net Profit is Rs.682.08 Cr – up by 15.58% from previous Qtr and by 69.32% from corresponding Qtr.
Paid Up Equity    has gone up by 100% to Rs.289.36 cr from last qtr due to Bonus issue in 1:1 ratio.
Basic EPS after Extraordinary items is Rs.23.6 on the enhanced equity compared to Rs.40.8 on pre bonus equity in previous qtr and Rs.27.8 in the corresponding qtr of last year on pre bonus equity.
Considering that its production and Sales have been scaling new heights in every quarter – it could exceed its target of 4 m vehicles for current year.
It is targeting export market also very vigorously.
Thus, Bajaj Auto continues to be an investors’ delight.

Results in figures :

BAJAJ AUTO
30-Sep-10
30-Jun-10
DIF%1
30-Sep-09
DIF%2
Net Sales
418091
373729
11.87
279322
49.68
Other Opertg Income
16091
15277
5.33
9429
70.65
Increase/decrease in SIT & WIP
-3200
8689
-136.83
-3653
-12.4
 Raw Materials
294274
255619
15.12
184353
59.63
Purchase of Traded Goods
16045
12510
28.26
10540
52.23
Employees Cost
11415
12639
-9.68
10738
6.3
Depreciation
2995
3182
-5.88
3358
-10.81
Other Expendit
25931
21856
18.64
23122
12.15
Total Expendit
347460
314495
10.48
228458
52.09
Profit from Operations
86722
74511
16.39
60293
43.83
Other Income
8371
8167
2.5
2173
285.23
Profit B I & EI
95093
82678
15.02
62466
52.23
Interest
65
63
3.17
-
#VALUE!
Profit A I BB EI
95028
82615
15.03
62466
52.13
Profit before tax
95028
82615
15.03
57883
64.17
Tax expense
26820
23600
13.64
17600
52.39
Net Profit after tax
68208
59015
15.58
40283
69.32
Net Profit
68208
59015
15.58
40283
69.32
Dividend (%)
-
-

-

Face Value.Rs
10
10
0
10
0
Paid Up Equity
28936
14468
100
14468
100
Basic EPS after Extraordinary items
23.6
40.8
-42.16
27.8
-15.11
Diluted EPS after Extraordinary items
23.6
40.8
-42.16
27.8
-15.11
Basic EPS before Extraordinary items
23.6
40.8
-42.16
27.8
-15.11
Diluted EPS before Extraordinary items
23.6
40.8
-42.16
27.8
-15.11
Public holding (%)
50.26
50.26
0
50.27
-0.02

ANNOUNCEMENTS
TO THE EXCHANGE

19-10-2010        Bajaj Auto Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 418091 lacs for quarter ending on 30-SEP-2010 against Rs. 279322 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 68208 lacs for the quarter ending on 30-SEP-2010 against Rs. 40283 lacs for the quarter ending on 30-SEP-2009. 
13-09-2010        Bajaj Auto Limited has informed the Exchange that the approval of the shareholders and authority conferred by the Board of Directors, the Share Allotment Committee at its meeting held on September 13, 2010 has made the allotment of 144,683,510 equity shares of Rs.10/- each as Bonus Shares in Proportion of 1 equity share of Rs.10/- each for every 1 equity share of Rs.10/- each to those members of the Company entitled thereto as on September 10, 2010 being the Record Date fixed for the purpose. Post allotment, the issued, subscribed and paid up capital of the Company has increased from Rs. 1,446,835,100 to Rs.2,893,670,200 divided into 289,367,020 equity shares of Rs.10/- each.
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