'For
quarter ended March 2024, consolidated net sales (including other operating income) of Bajaj Auto has increased 29.41% to Rs 11554.95 crore compared to quarter ended March 2023. Sales of Automotive segment has gone up 29.13% to Rs 11,528.13 crore (accounting for 96.75% of total sales). Sales of Investments segment has gone up 39.64% to Rs 370.16 crore (accounting for 3.11% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 21.12% to Rs 2,635.38 crore. PBIT of Automotive segment rose 19.83% to Rs 2,291.03 crore (accounting for 86.93% of total PBIT). PBIT of Investments segment rose 40.09% to Rs 369.70 crore (accounting for 14.03% of total PBIT).
PBIT margin of Automotive segment fell from 21.42% to 19.87%. PBIT margin of Investments segment rose from 99.56% to 99.88%. Overall PBIT margin fell from 23.67% to 22.12%.
Operating profi...
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