Analyst Research Report Snapshot

Title:

Result Update (Bajaj Auto)

Price:

$12.00

Provider:

SMC Global Securities Limited

Date:

17 Oct 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

BAJA.NS

Available for Immediate Download
Summary:

India's second largest two-wheeler maker Bajaj Auto reported good earnings for its second quarter and half year ended September 2013 as weaker rupee boosted export earnings. Significant improvement in margins witnessed by the company during the quarter and half year was noteworthy despite the somewhat gloomy automobile scenario in the country. The company witnessed a 13% rise in net profit at Rs 837.16 crore on a 4% growth in topline to Rs 5,175 crore for the quarter ended September 2013. The earnings were above market expectations.

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