Bajaj Auto Sales climb 18% In May

Bajaj Auto Sales climb 18% In May

Bajaj Auto registered an increase of 18% in its motorcycle sales, which stood at 3,17,989 units during the last month (May 2011).

India's second biggest two-wheeler manufacturer had sold 2,69,488 units during the same period of 2010.

In a declaration, Bajaj Auto Ltd (BAL) stated that it recorded its highest ever exports during the month of May at 1,26,818 units as against 95,964 units exported during May 2010, recording an increase of 32.15%.

Under the three-wheeler section, BAL also posted a jump of 36.41% at 40,860 units as compared to 29,954 units during the same month of 2010.

Company's overall vehicle sales during the last month grew by 19.84% to 3,58,849 units from 2,99,442 units in May 2010.

For the twelve month period ended March 31, 2011, Bajaj Auto recorded over two-fold jump in its consolidated net profit at Rs 3,454.89 crore as compared to Rs 1,594.60 crore during the same period of 2010.

Company's total income surged 39% to Rs 16,642.24 crore.

For 2010-11, BAL's standalone net profit increased 96.4% to Rs 3,339.73 crore from Rs 1,700.11 crore in 2009-10.

On June 02, the stock of the company closed at Rs 1368.25, up 2.2%, on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1664.50 and a low of Rs 1085 on BSE.

Current EPS & P/E ratio stood at 90.38 and 15.18 respectively.


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