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Bajaj Auto spurts on reporting 14% rise in Q1 consolidated net profit

28 Jul 2016 Evaluate

Bajaj Auto is currently trading at Rs 2687.00, up by 18.25 points or 0.68% from its previous closing of Rs 2668.75 on the BSE.

The scrip opened at Rs 2670.00 and has touched a high and low of Rs 2700.00 and Rs 2669.90 respectively. So far 4631 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2801.05 on 21-Jul-2016 and a 52 week low of Rs 2133.15 on 26-Aug-2015.

Last one week high and low of the scrip stood at Rs 2801.05 and Rs 2625.00 respectively. The current market cap of the company is Rs. 77914.96 crore.

The promoters holding in the company stood at 49.30%, while Institutions and Non-Institutions held 25.92% and 24.78% respectively.

Bajaj Auto has reported 2.19 % rise in its net profit at Rs 978.37 crore for the quarter ended June 30, 2016 as compared to Rs 957.36 crore for the same quarter in the previous year. The company’s total income increased by 2.72 % to Rs 6355.81 crore for the quarter under review from Rs 6187.5 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 13.77 % rise in its net profit after taxes, minority interest and share of profit of associates at Rs 1039.70 crore for the quarter ended June 30, 2016 as compared to Rs 913.86 crore for the same quarter in the previous year. Total Income of the company increased by 4.22 % to Rs. 6355.84 crore for quarter under review from Rs. 6098.36 crore for the quarter ended June 30, 2015.

Peers
Company Name CMP
Bajaj Auto 9870.00
TVS Motor Company 3961.05
Hero MotoCorp 5040.05
Eicher Motors 7020.15
OLA Electric Mobilit 36.69
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