trending Market Intelligence /marketintelligence/en/news-insights/trending/FiCp69ooV-0dwfo1G5dM1w2 content esgSubNav
In This List

Bajaj Auto fiscal Q3 profit falls YOY

Podcast

Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire

Blog

The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Blog

A Sustainability Framework for Customer and Supplier Credit Risk Management

Video

Lithium Import


Bajaj Auto fiscal Q3 profit falls YOY

Bajaj Auto Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, came to 28.94 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 30.31 rupees per share.

EPS decreased year over year from 30.20 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 8.36 billion rupees, a decrease from 8.75 billion rupees in the prior-year period.

The normalized profit margin increased to 16.5% from 15.8% in the year-earlier period.

Total revenue fell 8.7% year over year to 50.67 billion rupees from 55.48 billion rupees, and total operating expenses fell 7.9% year over year to 41.00 billion rupees from 44.51 billion rupees.

Reported net income declined 5.3% from the prior-year period to 9.77 billion rupees, or 33.80 rupees per share, from 10.31 billion rupees, or 35.60 rupees per share.

As of Jan. 31, US$1 was equivalent to 67.48 Indian rupees.