Bajaj Auto Q1 net up 20% at Rs 711 cr
Automobile major and country’s second largest two-wheeler maker, Bajaj Auto Ltd (BAL) today reported a 20.48% jump in standalone net profit for the first quarter ended June 30 to Rs 711.06 crore.
The company had posted a net profit of Rs 590.15 crore for the corresponding quarter last fiscal, BAL said in a statement.
Standalone net sales during the period under review stood at Rs 4,586.91 crore, as against Rs 3,737.29 crore in the same period a year ago, an increase of 22.73%.
Motorcycle sales during the first quarter this fiscal stood at 9,63,051 units, as against 8,28,391 units in the same period a year ago, up 16%.
BAL said its commercial vehicle sales during the period under review stood at 1,29,764 units, up 30% compared to 99,918 units in the year-ago period.
Total sales during the first quarter this fiscal grew 18% to 10,92,815 units, compared to 9,28,336 units in the same period last fiscal, it added.
BAL's scrip was trading down 2.31% from its previous close on the BSE at Rs 1,415.60 per share at noon today.