Bajaj Auto is trading higher by 2% at Rs 2,167 in early morning deals on BSE after reporting a better-than-expected 13% year-on-year (yoy) growth in net profit at Rs 837 crore for the second quarter ended September 2013 (Q2), boosted by export gains from rupee depreciation. The company had profit of Rs 740 crore in the corresponding quarter last year.
The company said its net sales grew by 5% at Rs 5,061 crore during the quarter under review as against Rs 4,817 crore in the same quarter last fiscal.
Analysts on an average had expected net profit of Rs 812 crore and net sales of Rs 4,909 crore from the two-wheeler maker.
The stock opened at Rs 2,164 and hit a high of Rs 2,180 so far. A combined around 150,000 shares change hands on the counter till 0920 hours on BSE and NSE.
The company said its net sales grew by 5% at Rs 5,061 crore during the quarter under review as against Rs 4,817 crore in the same quarter last fiscal.
Analysts on an average had expected net profit of Rs 812 crore and net sales of Rs 4,909 crore from the two-wheeler maker.
The stock opened at Rs 2,164 and hit a high of Rs 2,180 so far. A combined around 150,000 shares change hands on the counter till 0920 hours on BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%