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Bajaj Auto fourth-quarter profit jumps 35 percent, beats estimates


(Reuters) - India's Auto Ltd posted a near 35 percent jump in fourth-quarter profit on Friday, beating estimates, aided by a rise in sales volume.

Profit rose to 10.80 billion rupees ($158.81 million) in the January-March quarter from 8.02 billion rupees a year earlier, the company said in a statement https://

That compared with the 10.40 billion rupees average estimate of 16 analysts, data showed.

The company posted a growth of nearly 30 percent in total revenue from operations at 67.73 billion rupees.

Total vehicles sold climbed 33 percent to over 1 million units, with the exports volume up 31 percent.

($1 = 68.0075 Indian rupees)

(Reporting by Krishna V Kurup in Bengaluru; Editing by Subhranshu Sahu)

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

First Published: Fri, May 18 2018. 14:31 IST