India's second-largest motorcycle maker - Bajaj Auto, sees a steady rise in input cost but does not expect the current year to be as severe as the fiscal 2011 that ended March.
Due to the rise in commodity prices which are basic raw material, Indian auto makers are expected to face pressure on operating margins. With the rising cost of steel, rubber and other inputs some Indian car makers have been forced to raise prices in recent months.
Besides, India's second largest motorcycle maker by sales Bajaj Auto has reported results for the quarter and the year ended March 31, 2011.
The company’s net profit for the quarter ended March 31, 2011 has zoomed by 164.90% at Rs 1400.39 crore as compared to Rs 528.65 crore for the quarter ended March 31, 2010. Is total income has increased by 24.96% from Rs 3441.95 crore for the March quarter of the previous year to Rs 4300.94 crore for the quarter under review.
The company has posted growth of 96.44% in its net profit for the year ended March 31, 2011 at Rs 3339.73 crore as compared to Rs 1700.11 crore for the year ended March 31, 2010. Its total income has increased by 40.94% at Rs 16974.74 crore for the year under review from Rs 12043.48 crore for a period ago.
On consolidated basis, the Group‘s net profit for the year ended March 31, 2011 has zoomed by 116.66% at Rs 3454.89 crore as compared to Rs 1594.60 crore for the year ended March 31, 2010. Its total income has increased by 40.60% at Rs 17008.05 crore for the year from Rs 12096.65 crore for the previous year.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9850.00 |
| Hero MotoCorp | 5297.00 |
| TVS Motor | 3771.00 |
| Eicher Motors | 7250.00 |
| Ather Energy | 913.30 |
| View more.. | |
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