Bajaj Auto Q2 net up 6% to Rs 726 cr

Bajaj Auto Ltd today reported 6% increase in profit after tax to Rs 726 crore for the second quarter ended September 30, compared to the same period last fiscal.

BAL had posted a net profit of Rs 682 crore in the same quarter in 2010-11, the company said in a statement.

Turnover during July-September this fiscal (2011-12) stood at Rs 5,342 crore as against Rs 4,426 crore in the year-ago period, up 21%.

Total unit sales volume during the quarter grew 16% to 1,164,137 units as against 1,000,570 units in the same period last fiscal, the company said.

Motorcycle sales during the period under review were at 1,027,357 units, up 16% from the corresponding period last fiscal. This was the highest ever units sold in a quarter, BAL said.

Domestic bike sales were at 6,84,671 units, up 8% from the year-ago period, the company said, adding that the exports were up 37% at 3,42,686 units.

Overall commercial vehicles (CV) sales were at 136,780 units during the quarter, a jump of 17% from the same period last fiscal, the company said.

Domestic CV sales were at 55,332 units, a decline of 9% from the same quarter last fiscal, BAL said.

Exports of CVs were, however, up 44% during the quarter at 81,448 units, it said.

The company's overall exports in volume terms grew 38% to 4,24,134 units translating to revenue of Rs 1,733 crore, BAL said.

BAL scrips were trading at Rs 1,614 per share on the BSE during the afternoon trade, down 1.39% from the previous close.