Thursday, January 19, 2012

Bajaj Auto Limited = RESULTS = FOR Q3 FY 2012 = Q/E DEC,2011 = NET SALES UP 20%YoY; NET PROFT UP 19.2% YoY; IMPRESSIVE SALES NUMBERS


Bajaj Auto Limited

NSE Symbol        BAJAJ-AUTO

BAJAJ AUTO has again produced excellent Results for the q3 FY 2012 ending Dec,2011.

Net Sales for Q3 FY 12 stands at Rs.4839.95 cr – compared to  Rs.5046.48 (down by -4.09%) in Q2 FY 12 and Rs.4028.18 cr (up by 20.15%) in Q3 FY 11.

Other Oprtng Income stands at Rs.223.21 Cr in Q3 FY 12 – compared to Rs.220.78 cr (Up 1.1%) in Q2 FY 12; and Rs.148.90 cr (Up by 49.91%) in Q3 FY 11.

Raw Materials consumption stands at Rs.3356.24 cr in Q3 FY 12 – compared to Rs.3603.65 cr (down by -6.87%) in Q2 FY 12; Rs.2784.49 cr (Up by 20.53%) in Q3 FY 11. Thus, raw material consumption is more or less proportionate to Net Sales.

Total Expenditure stands at Rs.4033.90 cr in Q3 FY 12; compared to Rs.4249.31 Cr (down by -5.07%) in Q2 FY 12; and Rs.3358.78 cr (Up by 20.1%) in Q3 FY 11.

Profit from Operations stands at Rs.1029.26 cr in Q3 FY 12 – compared to Rs.1017.95 Cr in Q2 FY 12 (Up by 1.11%); and Rs.818.30 cr in Q3 FY 11 (Up by 25.78%).

Profit  before tax stands at Rs.1061.19 cr in Q3 FY 12; compared to Rs.976.80 Cr in Q2 FY 12 (Up by 8.64%); and Rs.917.40 Cr in Q3 FY 11 (Up by 15.67%).

Net Profit stands at Rs.795.19 Cr in Q3 FY 12; compared to Rs.725.80 cr in Q2 FY 12 (Up by 9.56%); and Rs.667.11 Cr in Q3 FY 11 (Up by 19.2%).

On a Face value o Rs.10, the Basic EPS     stands at Rs.27.5 in Q3 FY 11; Rs.25.1 in Q2 FY 11; and  Rs.24.6 in Q1 FY 12; The EPS for Q3 FY 11 was Rs.23.1.

The annual EPS is likely to be around Rs.104.7.

Current Market Price is Rs.1465.55, while the  52 week high price is Rs.1823.55 and the 52 week low price  is Rs.1165.65.

On this Basis, the Price Earning Ratio is 14.

Sales in numbers for the month of December 2011

Product
For December 2011
Upto December 2011
For December 2010
Upto December 2010
Motorcycles
263,699
2,937,157
243,675
2,550,372
Other 2 Wheelers
-
-
-
27
Total 2 Wheelers
263,699
2,937,157
243,675
2,550,399
Three Wheelers
41,991
395,236
33,128
325,357
Grand Total
305,690
3,332,393
276,803
2,875,756


S/A RESULTS TABLE

BAJAJ AUTO
31-Dec-11
30-Sep-11
%DIF1
30-Jun-11
31-Dec-10
%DIF2
Net Sales
483995
504648
-4.09
458691
402818
20.15
Other Oprtng Income
22321
22078
1.1
19038
14890
49.91
Increase in SIT/WIP
338
-4153
-108.1
11477
3793
-91.09
Raw Materials
335624
360365
-6.87
317541
278449
20.53
Traded Goods
20399
19944
2.28
17628
16018
27.35
Employees Cost
13204
13108
0.73
13889
10660
23.86
Depreciation
3214
3942
-18.47
3064
3102
3.61
Other Expenditure
30611
31725
-3.51
26110
23856
28.32
Total Expenditure
403390
424931
-5.07
389709
335878
20.1
Profit from Operations
102926
101795
1.11
88020
81830
25.78
Other Income
9081
7448
21.93
7309
9946
-8.7
Interest
2
2022
-99.9
23
36
-94.44
Exceptional Items
5886
9541
-38.31
-
-

Profit  before tax
106119
97680
8.64
95306
91740
15.67
Tax expense
26600
25100
5.98
24200
25029
6.28
Net Profit
79519
72580
9.56
71106
66711
19.2
Dividend (%)
-
-

-
-

Face Value (In Rs
10
10
0
10
10
0
Paid Up Equity
28937
28937
0
28937
28936
0
Basic EPS
27.5
25.1
9.56
24.6
23.1
19.05
Public holding (%)
49.91
49.91
0
49.91
50.27
-0.72


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