Bajaj Auto profit doubles to Rs 1,061.18 crore in Q1'FY22
Thu, Jul 22, 2021 1:00 PM

Bajaj Auto profit doubles to Rs 1,061.18 crore in Q1'FY22

Get it on Google Play
Bajaj Auto, on July 22, announced its Q1 standalone net profit doubled to Rs 1,061.18 crore from Rs 528.04 crore in the year-ago period. Revenue more than doubled to Rs 7,386 crore in Q1FY22 against Rs 3,079.2 crore in Q1FY21. EBITDA for the quarter came at Rs 1,153 crore while the EBITDA margin stood at 15.6%. In the same quarter last year, EBITDA was Rs 441 crore and EBITDA margin was 14.3%.

More great flips

Tata Communications unveils IZO Financial Cloud platform in India

Tata Communications unveils IZO Financial Cloud platform in India

Tata Communications confirmed the launch of ‘IZO Financial Cloud’. It is a purpose-built community cloud platform that aids next-gen digital transformation, customised to meet the stringent data privacy and protection compliance and security guidelines defined by India’s regulators for the Banking, Financial Services and Insurance (BFSI) sector.

Open Flip
Dr Reddy's Lab shares touched 10% lower circuit on Tuesday

Dr Reddy's Lab shares touched 10% lower circuit on Tuesday

Dr Reddy's stocks reached a 10% lower circuit today after disappointing quarterly earnings. The pharma company's shares declined 10% at Rs 4868.25, thus plunging the Nifty Pharma index which fell 4% today. Dr Reddy's Laboratories, on Tuesday, announced a 36% decline in consolidated net profit at Rs 380.4 crore for the quarter ended June 30, 2021, on account of higher expenses.

Open Flip
Tatva Chintan IPO stocks trade at over 100% premium in grey market

Tatva Chintan IPO stocks trade at over 100% premium in grey market

Ahead of listing on July 29, Tatva Chintan Pharma Chem stocks traded at over 100% premium in the grey market on July 27. The bumper IPO subscription, leading position in manufacturing of structure-directing agents for zeolites in India, robust financials and return ratios, and high-quality product portfolio could be key reasons for the hefty grey market premium.

Open Flip

Join our Smart Investment Community

More than 250,000 users are using FlipItNews to stay updated about the business and finance world! Join FlipItNews now and take smart investment decisions!
Icon