Tag Archives: results

Bajaj Auto Reports 9% Net Profit Growth in Q2 FY25, Driven by Strong EV Sales

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Bajaj Auto on Wednesday announced a 9% rise in net profit for the July-September quarter (Q2 FY25), posting a net income of Rs 2,005 crore, driven by robust performance in its green energy segment. The company’s electric vehicle (EV) sales surged, contributing significantly to its overall growth.

Adjusted for exceptional deferred tax provisions, Bajaj Auto’s profit after tax (PAT) reached Rs 2,216 crore, marking a 21% year-on-year increase. The company explained that the reported PAT of Rs 2,005 crore accounted for an additional provision of Rs 211 crore due to the impact of the Finance Act, 2024, which withdrew indexation and changed tax rates on investment income.

Revenue from operations grew 22% year-on-year, hitting Rs 13,000 crore for the quarter. Bajaj Auto’s stock responded positively, closing 0.88% higher at Rs 11,622.5 per share on Wednesday.

Electric Vehicles Lead the Charge

Bajaj Auto’s green energy portfolio hit new milestones, with the sale of 1 lakh electric vehicles (EVs) in September alone. Of these, 70,000 were Chetak electric scooters, which captured a 21% market share that month. The company’s portfolio of electric and CNG vehicles, spanning both two-wheelers (2W) and three-wheelers (3W), now contributes 40% of its total domestic revenues.

The company noted strong double-digit growth in its motorcycle and commercial vehicle segments, largely fueled by the near-tripling of electric scooter sales. The Pulsar brand continued to perform well, achieving its highest-ever quarterly sales of 1.1 lakh units.

Future Prospects

Bajaj Auto is also making strides in the electric three-wheeler (e3W) market, where it aims to replicate its dominance in the internal combustion engine (ICE) segment. The company reported that its market share in the e3W segment doubled from last year, reaching 35% by the end of the quarter.

The company remains in a strong financial position, with surplus cash reserves of Rs 16,392 crore at the end of Q2. This follows strategic investments of Rs 1,200 crore, primarily directed towards Bajaj Auto Credit Ltd. and EV-related capital expenditures, as well as a Rs 2,233 crore dividend payout in the first half of FY25.

With growing demand for electric vehicles and a strong financial base, Bajaj Auto is well-positioned to capitalize on the expanding green energy market and continue its upward trajectory.

SBI Probationary Officers Exam 2017 Main Results Declared

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The State Bank of India (SBI) has declared the SBI probationary officers (PO) mains examination result for the test conducted on 4th June, 2017.

The SBI PO result 2017 results are available at the online portal of SBI at sbi.co.in and the candidates can check them providing their name, roll number and date of birth in specified space.

Thos who have qualified will get a call to attend for group discussion and personal interview by the HR team. SBI is the largest Indian bank and its probationary officers will pave the way for candidates one of the best avenues to carft their future banking career.

The bank had 2,313 vacancies when it invited applications in February 2017. The exam is at least once in a year by the SBI at the national level to hire probation officers.

To check results at sbi.co.in, open the website at https://www.sbi.co.in/careers/ and click on ‘Recruitment Results & Archive’ link, which will take the user to the page https://www.sbi.co.in/careers/recruitment-result.html with drop down menu.

Select ‘Probationary Officers’ from the drop down and click on ‘Recruitment of Probationary Officers in State Bank of India’ and select ‘Main Exam Marks’. Once page opens, enter your Roll Number and Date of Birth or Registration Number and Date of Birth. Do not forget to enter the string shown in the image before pressing the ‘Submit’ button.

Jaishankar Makes Half-Way to Convince China on NSG, Azhar Issues

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External Affairs Secretary Dr. S. Jaishankar’s visit to China at a crucial stage has come as no magic but certainly paved the way, at least by half, to make Beijing see the reason behind India’s demand.

The latest restructured strategic dialogue with Chinese counterpart Executive Vice Minister Mr. Zhang Yesui besides the State Counsellor Mr. Yang Jiechi and Foreign Minister Mr. Wang Yi, yielded response on several issues short of India’s demand on terrorism.

Other areas included Afghanistan, multilateral diplomacy including counter-terrorism and also bilateral relations as well as the nuclear issues.

Jaishankar summed up his visit as useful in conveying to the Chinese side “our priorities and concerns and also gaining from them an appreciation of their understanding of the world situation and in what manner we could work together,” which in non-diplomatic terms means some sort of status-quo will continue in India-China relations and that no one should expect any wonders to take place.

On Wednesday, it was a five-hour-long talks sharing views on international issues. China shared its insights and perspectives. What is the common point for both was international trade barriers which may pose equal threat to both Asian giants.

Both agreed that the international situation is in flux and both India and China probably could do one thing together which is a more stable, substantive, forward looking India-China relationship which would inject a greater amount of predictability into the international system, he said.

“On the NSG issue the Chinese side underlined that they were open to India’s application for membership but they had their view of procedures and processes and these were somewhat different from where we are at the moment and where we think most of the group is at the moment,” said Jaishankar summing up his talks.

On UN sanctions on Masood Azhar, India explained the rationale and sought support on its concerns about Masood Azhar’s activities.

Essentially the visit yielded no progress on thorny issues but on business front, there is a common sense of threat from trade barriers and unstable global system, unleashed by President Donald Trump in the US.

Delay in CBSE Class 10 and 12 Results Affect Students

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Students who wanted to apply for POLYCET 2016 are up in arms over the undue delay in CBSE Exam Results this year, despite no complaints of paper leakage or mass copying.

Generally, CBSE announces results by May first week and this time they have been pushed to last week of May, affecting the students who want to seek admission into polytechnic schools, where the last date for all formalities is May 30.

Sources in the Central Board of Secondary Education (CBSE) hinted that the results of Class 12 examinations will be announced next Monday, May 23 while Class 10 results will follow two days later.

Meanwhile, Telangana State POLYCET (Polytechnic Common Entrance Test) was conducted by the State Board of Technical Education and Training, Telangana on April 21 and the registration process for qualified students will begin from May 23 and finish by May 31 as below:

PolyCET schedule:

Document Verification: May 20 to May 28
Online Upload from May 23 to 30
Option to Change Course: Till May 31
Seat Allotment: Till June 1.

The PolyCET officials said the certificate verification process for CBSE students will be held barring the marks sheet and all the students have been informed on their mobiles.