Mumbai: Bajaj Auto Ltd said Wednesday profit rose 2.8% to Rs818 crore in the December quarter from the year earlier on the back of robust three-wheeler sales and the higher contribution of more costly motorcycles in its portfolio.
Net sales at the Pune-based firm, India’s largest maker of three-wheelers and second-largest motorcycle manufacturer, rose to Rs5,307 crore from Rs4,839.95 crore. The earnings were in line with the estimates.
A Mint poll of five analysts had pegged profit at Rs813 crore and sales at Rs5,260 crore. Bajaj sold a total of 1,127,741 three-wheelers and motorcycles compared with 1,049,95 units a year earlier, the company said in a filing to BSE.
Bajaj Auto’s shares ended at Rs2,072.95, down 2%, on BSE on Wednesday. The Sensex closed down 0.85% to 19,817.63 points.