Bajaj Auto Ltd Q4FY12 Result-First cut
RAJESH DESAI
Dear Sir/Madam,
Bajaj Auto Ltd has announced its Q4FY12 result. The company has reported revenues for the March 2012 quarter which increased by 10.75% to Rs 4651.44 crores against 4199.97 crores during the corresponding year-ago period. The Net Profit for the quarter ended March 2012 is Rs. 772 crores as compared to Net Profit of Rs 1400.39 crores of corresponding quarter ended March 2011.
|
Particulars |
Consensus |
Actual |
Var (%) |
|
Revenues |
4796.80 |
4651.44 |
-3.03% |
|
EBITDA |
981.40 |
920.55 |
-6.20% |
|
PAT |
783.70 |
772 |
-1.49% |
|
Ajd.EPS |
27.45 |
26.68 |
-2.81% |
|
STANDALONE |
||||||||
|
Description |
Q412 |
Q312 |
Q411 |
QoQ(%) |
YoY(%) |
FY12 |
FY11 |
YOY(%) |
|
Total Income |
4,651.44 |
5,063.16 |
4199.97 |
-8.13 |
10.75 |
19529 |
16398.28 |
19.09 |
|
Total Expenditure |
3,730.89 |
4,001.76 |
3338.47 |
-6.77 |
11.75 |
15955 |
13227 |
20.62 |
|
PBIDT(ExclOI) |
920.55 |
1,061.40 |
861.50 |
-13.27 |
6.85 |
3574 |
3171 |
12.70 |
|
EBITDA margins |
19.79 |
20.96 |
20.51 |
(117)bps |
(72)bps |
18% |
19% |
(100)bps |
|
Other Income |
139.49 |
90.81 |
100.97 |
53.61 |
38.15 |
608.04 |
577 |
5.47 |
|
Operating Profit |
1,060.04 |
1152.21 |
962.47 |
-8.00 |
10.14 |
4182.04 |
3748 |
11.59 |
|
Interest |
1.77 |
0.02 |
0.05 |
8750.00 |
3440.00 |
22.24 |
2 |
1215.98 |
|
Exceptional Items |
0 |
-58.86 |
724.55 |
-100.00 |
-100.00 |
0 |
725 |
-100.00 |
|
PBDT |
1,078.54 |
1093.33 |
1686.97 |
-1.35 |
-36.07 |
4159.8 |
4470 |
-6.95 |
|
Depreciation |
43.42 |
32.14 |
30.05 |
35.10 |
44.49 |
145.62 |
123 |
18.54 |
|
PBT |
1,035.12 |
1061.19 |
1656.92 |
-2.46 |
-37.53 |
4014.18 |
4348 |
-7.67 |
|
Tax |
263.12 |
266.00 |
256.53 |
-1.08 |
2.57 |
1022 |
1008 |
1.39 |
|
Profit After Tax |
772 |
795.19 |
1400.39 |
-2.92 |
-44.87 |
2992.18 |
3340 |
-10.40 |
|
PAT margins |
16.60 |
15.71 |
33.34 |
89bps |
(1674)bps |
15.32 |
20.37 |
(505)bps |
|
Equity Capital |
289.37 |
289.37 |
289.37 |
0.00 |
0.00 |
289.37 |
289.37 |
0 |
|
Face Value(InRs) |
10 |
10.00 |
10.00 |
0.00 |
0.00 |
10 |
10 |
0 |
|
EPS |
26.68 |
27.48 |
48.39 |
-2.91 |
-44.86 |
103.40 |
115.4 |
-10.40 |
|
Figures in INR Crore.EPS represents Ajd EPS |
|
|
|
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Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
--
CA. Rajesh Desai