The company’s operating margin before depreciation and amortization (EBITDA margin) rose by 29 basis points sequentially to 20.1% in the third quarter of the current fiscal year even though the volume share of the three-wheelers segment, which has superior margin, in the total volume dropped by 230 basis points to 10.2%. In addition, the EBITDA per vehicle at Rs 20,232 was at par with the last quarter’s level though the average selling price fell 1.4% to Rs 100862 per unit.
Bajaj Auto: The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to INR 2.09 lakh crore on Tuesday, crossing M&M’s market value of INR 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
The market capitalisation of one of the countrys largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&Ms market value of Rs 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
The two-wheeler major will repurchase up to 40,00,000 shares for a price not exceeding Rs 10,000 a share, the company said in an exchange filing. Dalal Street is set to rejoice this news, as the buyback price is at a whopping 43% premium to the current market price.
Bajaj Auto: The two-wheeler major will repurchase up to 40,00,000 shares for a price not exceeding INR 10,000 a share, the company said in an exchange filing. Dalal Street is set to rejoice this news, as the buyback price is at a whopping 43% premium to the current market price.