Q3 FY 2022 Review

Bajaj Auto Limited reported net revenue of ₹9,021.65 crores for the quarter ended December 31, 2021, compared to ₹8,909.88 crores for December 31, 2020. EBIT and Profit After Tax were ₹1,648.89 crores and ₹1,429.68 crores for the quarter ended, 31, 2021, as compared to ₹2,032.82 crores and ₹1,716.26 crores, during the corresponding quarter of the previous year respectively.

Bajaj Auto Limited - Investment Summary

Overview

• Bajaj Auto Limited sold 38,36,856 units of 2-wheelers and 4,71,577 units of commercial vehicles in FY 2022.

• The company is the No.1 manufacturer of motorcycles and the third largest manufacturer of 3-wheelers globally.

• Bajaj Auto International Holdings BV (BAIHBV), a 100% subsidiary of the Company, held a 47.99% stake in KTM AG. As of 29 September 2021, BAIHBV swapped a 46.50% stake in KTM AG for a 49.90% stake in Pierer Bajaj AG.

Bajaj Auto Limited - Quarterly Summary

Business

• Bajaj Auto Limited is engaged in the business of development, manufacturing, and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers vehicles, etc., and parts thereof.

• The company sells its products in India as well as in various other global markets

• The company has sold more than 18 million motorcycles in over 70 countries. It is India’s No.1 motorcycle exporter, with two out of three bikes sold internationally carrying a Bajaj Badge.

• Bajaj Auto is the first two-wheeler and three-wheeler company in India to have reached a market capitalisation of INR 1 trillion.

• It has three manufacturing facilities with a total capacity of 6.3 million vehicles per annum.

• Bajaj Auto Limited's business segments include:

  • Milage Segment:

    • Bajaj Auto is represented by various models of CT, the Platina, and Pulsar 125.

    • It is the largest segment and is an extremely price and fuel cost-conscious segment and generates marginal profits per unit sold.

  • Sports Segment:

    • The company has five models of Pulsar, ranging from 150cc to 220cc, and two variants of the Avengers

  • Super Sports Segment:

    • The company offers the entire range of KTMs, Husqvarnas, Pulsar RS200 and Dominars.

  • Scooters Segment:

    • The company has re-introduced the legendary brand ‘Chetak’ as a best-in-class electric scooter.

    • It offers a ride up to 95 Km in the Eco mode per single charge of its battery.

  • Three-Wheeler segment:

    • It continues to be the dominant exporter among the Indian sellers accounting for a market share of 64.7% in FY 2021, up from 59.1% in FY2020

• Out of the total revenue, 95.63% has been generated from Automotive and 4.37% from others in FY 2021, compared to 95.30% and 4.69% in FY 2020, respectively.

• Out of the total revenue, 56.27% has been generated from India and 43.72% from outside India in FY 2021, compared to 61.15% and 38.85% in FY 2020, respectively.

Revenue Trend

Topline and Bottomline trend (crores)

Ratio Analysis