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Bajaj Auto Q3 Results: Net profit falls 22% to Rs 1,214 cr YoY

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Bajaj Auto Q3 Results: Net profit falls 22% to Rs 1,214 cr YoY

Two- and three-wheeler maker Bajaj Auto on Wednesday reported a 22% drop in net profit to Rs 1,214 crore for the quarter ended December 2021. The company reported a net profit of Rs 1,556 crore in the same period last year.

Operating income edged up to Rs 9,022 crore compared to Rs 8,911 crore in Q3 FY21.

“In the domestic motorcycle market, the industry was down 23% compared to Q3FY21. In contrast, Bajaj Auto sold slightly better sales of over 469,000 units, down 20%. Market share from 18.6% in Q3FY22 improved to 19.2% in 3QFY21 and 18.1% in FY21,” the company said in a stock exchange filing.

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Shares of the company closed up 1.5 percent at Rs 3,453 on the BSE on Wednesday.

The Pune-based company’s total sales across categories fell 10% to 11,81,361 units in the third quarter, compared to 13,06,810 units in the same period last fiscal.

In the domestic commercial vehicle market, the industry grew 5% from the third quarter of the previous fiscal year, the company said.

In contrast, Bajaj Auto grew by 52 percent and reported a market share of 71 percent, continuing to lead the segment across three product categories, it added.

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Bajaj Auto said the company continued to maintain a strong export record with an average monthly sales of more than 2,19,000 units.

“In calendar year 2021, exports exceeded 2.5 million units in volume terms, the highest ever,” it noted.

Bajaj Auto said the company had surplus cash and cash equivalents of Rs 17,883 crore as at December 31, 2021, compared to Rs 17,526 crore as at September 30, 2021.

Complete News Source : Business Standard

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Days After Experiencing Health Issue, Madonna Spotted Having Fun with a Friend

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Days After Experiencing Health Issue, Madonna Spotted Having Fun with a Friend

Los Angeles, July 10, 2023: Pop icon Madonna, who recently faced a health issue, was seen enjoying a leisurely outing with a close friend, displaying her resilience and spirit. Just days after the health concern made headlines, the legendary singer was spotted having a fun-filled time, reaffirming her dedication to living life to the fullest.

Madonna, known for her energetic performances and iconic music career, made headlines when news of her health issue emerged. Concerned fans expressed their well wishes and hopes for her speedy recovery. However, the global superstar has shown her indomitable spirit by venturing out for some leisure time with a dear friend.

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The singer was seen in a relaxed and cheerful mood, as she and her friend indulged in laughter and shared light-hearted moments during their outing. Madonna’s positive demeanor and enthusiasm were evident, reaffirming her determination to overcome any obstacles that come her way.

The photographs of Madonna enjoying herself and being in good spirits serve as a testament to her resilience and commitment to living life to the fullest. Despite the health issue she faced, the iconic singer refuses to let it dampen her spirits or hinder her zest for life.

Madonna’s ability to find joy in the midst of challenges resonates with her millions of fans around the world. Her determination and unwavering spirit continue to inspire and serve as a reminder to prioritize one’s well-being and embrace moments of happiness, even in the face of adversity.

As fans continue to show their support and send messages of love and encouragement to Madonna, her recent outing stands as a symbol of hope and strength. The pop icon’s resilience serves as a source of inspiration for her fans, reminding them to stay positive and embrace the joy that life has to offer.

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Madonna’s ability to bounce back and enjoy life with a friend after experiencing a health issue showcases her unwavering spirit and unwavering commitment to her well-being. Her fans eagerly await further updates on her health and look forward to witnessing her return to the stage, where she will undoubtedly continue to captivate audiences with her incredible talent and indomitable spirit.

Just days after experiencing a health scare that had fans worried, pop icon Madonna was spotted having a great time with a close friend, showcasing her resilience and positive spirit. The singer, who recently made headlines due to her hospitalization, appeared to be in high spirits as she enjoyed a casual outing.

Madonna, who had been experiencing serious health issues, had taken some time off from the public eye to recover, leaving her fans concerned about her well-being. The health scare was reportedly linked to a bacterial infection, which required her to undergo a brief stay in the hospital. Despite the challenging period, the 65-year-old singer reassured her followers with a message expressing gratitude for the love and support she received from fans worldwide.

In her latest public appearance, Madonna was seen in a relaxed setting, engaging in lighthearted conversation with a friend. The images of the two enjoying their time together brought relief to her fans, who had been anxiously awaiting an update on her recovery. Madonna’s playful demeanor and smile demonstrated her return to form, as she looked both carefree and at ease.

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Madonna has always been known for her unrelenting work ethic and ability to bounce back, and this latest appearance proves that she’s not backing down easily.

#Madonna #HealthRecovery #PopIcon #Resilience #FunOuting #CelebrityNews #PositiveVibes #GratefulHeart #MadonnaUpdate #HealthJ

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