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Automobiles company Bajaj Auto announced Q4FY24 & FY24 results:
FY24 Financial Highlights:
- Revenue: Achieved an all-time high of Rs 44,685 crore, marking a 23% YoY increase due to record sales in both vehicles and spares.
- EBITDA: Hit the highest ever at Rs 8,825 crore, representing a significant rise of 35% YoY.
- Profit After Tax (PAT): Peaked at Rs 7,479 crore.
- EBITDA Margin: Improved by 180 basis points to 19.7%.
- Domestic Business: Sustained momentum led to the largest revenue with double-digit growth.
- Exports: Closed the year flat amidst challenging global market conditions.
- Domestic Motorcycles: Achieved market leadership in the 125cc segment, growing 8X versus industry growth.
- Premium Portfolio: KTM had its biggest year, with Triumph adding strength since launch.
- Commercial Vehicles: Surged ahead with historic high volumes, growing over 50% YoY.
- Chetak Electric Vehicles: Grew 3X YoY and became the third player in the segment.
- Cash Flow: Almost Rs 6,600 crore of Free Cash Flow was generated, an increase of around 45% YoY.
- Final Dividend: The Board of Directors recommended a final dividend of Rs 80 per share, totaling about Rs 2,233 crore.
Q4FY24 Financial Highlights:
- Quarterly Revenue: Grew by 29% YoY to Rs 11,485 crore.
- EBITDA: The quarter at 2,307 crore grew 34% YoY, with a margin of 20.1%.
- PAT: Rose to Rs 1,936 crore, a 35% increase YoY.
- Domestic Motorcycles: The 125cc segment continued to gain market share.
- Commercial Vehicles: Maintained growth with e3Ws expanding rapidly.
- Chetak Electric Vehicles: Recorded the highest quarterly volume sold.
- Exports: Revenue grew by double digits YoY with flatter volume.
- Triumph: Continued to gain momentum with 18,800 units delivered this quarter.
FAQ’s on Bajaj Auto Ltd Shares
