Bajaj Auto Q3 net profit jumps 16% to ₹1102 crore1 min read . Updated: 30 Jan 2019, 02:40 PM IST
- 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.
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