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Bajaj Auto shares down over 2% after Q4 earnings

Press Trust of India  |  New Delhi 

of today fell by over 2 per cent after the company posted 15.48 per cent decline in net profit for the fourth quarter ended on March 31, 2017.

The stock dipped 1.94 per cent to settle at Rs 2,973.85 on During the day, it went down by 2.54 per cent to Rs 2,955.50.


At NSE, of the company slipped 2.19 per cent to close at Rs 2,973.10.

today posted 15.48 per cent decline in its net profit at Rs 802 crore for the fourth quarter ended March 31, hit by lower sales.

The company had posted a net profit of Rs 949 crore during the same period of the previous fiscal.

Total of the company declined to Rs 5,506 crore for the fourth quarter as compared with Rs 5,967 crore in the same period of previous fiscal, said in a statement.

The Pune-based two-wheeler maker sold 7,87,627 units in the fourth quarter, down 9.72 per cent, from 8,72,458 units in the same period of 2015-16 fiscal.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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