Bajaj Auto CEO Rajiv Bajaj (Mint)
Bajaj Auto CEO Rajiv Bajaj (Mint)

Bajaj Auto Q3 net profit jumps 16% to 1102 crore

  • The company had posted a net profit of 952 crore a year ago
  • Sales volume surged 26%, helping total revenue from operations jump 16% to 7,409 crore

Bengaluru: Bajaj Auto Ltd posted a higher profit on Wednesday, exceeding analysts' expectations, as the company sold more motorcycle units during the quarter. Net profit rose to 1,102 crore ($154.72 million) for the three months ended December 31, compared with 952 crore a year earlier.

That compared with analysts' average estimate of 1,054 crore, according to Refinitiv data.

Sales volume surged 26%, helping total revenue from operations jump 16% to 7,409 crore, the company said in a statement.

The story has been published from a wire agency feed without modifications to the text. Only the headline has been changed

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