Bajaj Auto’s second quarter results announced in real time: profit fell 31.42% year-on-year

Bajaj Auto second quarter results live release: Bajaj Auto announced its second quarter results on October 16, 2024 and the financial results were mixed. The company’s revenue increased by 22.23% year-on-year, but its profits dropped significantly by 31.42% during the same period.

Compared to the previous quarter, Bajaj Auto’s revenue grew by 11.02% while profit fell by 28.65%. While revenue was solid, it underscored the challenges facing the company.

The company’s selling, general and administrative (SG&A) expenses fell 3.44% month-on-month but increased 18.47% year-on-year, indicating that the rising cost structure may affect profitability.

Operating income showed resilience, growing 12.3% month-on-month and 25.36% year-on-year. This shows that Bajaj Auto is managing its core business effectively despite external pressures.

Bajaj Auto reported earnings per share (EPS) of $In the second quarter, it was 57.28, a year-on-year decrease of 19.78%. The drop in earnings per share could cause concern for investors looking for continued growth.

In terms of market performance, Bajaj Auto returned -1.7% last week but has returned a whopping 30.25% over the past six months and 70.91% year-to-date.

As of now, Bajaj Auto’s market capitalization is $324412.2 Cr, 52-week high $12774 and lowest $5125.65. These numbers illustrate how volatile the stock has been over the past year.

Analysts say the outlook for Bajaj Auto is mixed. Of the 39 analysts covering the company, 5 rate it with a strong sell rating, 8 rate it with a sell rating, 9 rate it with a hold rating, 10 rate it with a buy rating and 7 rate it with a strong buy rating. As of October 17, 2024, the consensus recommendation is Hold, reflecting cautious optimism about near-term performance.