Baja Auto Q3 net down 4.78% at Rs 861 crore

Net sales at Rs 5,520 crore; volumes drop marginally

Bajaj Auto Ltd today reported 4.78% decline in its net profit to Rs 861.24 crore for the third quarter ended December 31, 2014.

The company had posted a net profit of Rs 904.55 crore crore in the same quarter previous fiscal.

Net sales during the period under review stood at Rs 5,520 crore as against Rs 5,294.55 crore in the year-ago quarter, the company said in a statement.

In terms of volume, sales during the quarter were marginally down at 9,84,520 units as against 9,93,690 units in the same period last fiscal.

Sale of motorcycles during the period stood at 8,45,000 units, while that of three-wheeler commercial vehicles were at 1,39,000 units.

The company said it sold a total of 4,90,000 units in the international market, adding that export revenue was at Rs 2,680 crore.

Shares of Bajaj Auto were trading at Rs 2,415 per scrip in the afternoon trade, up 2.17% from the previous close on the BSE.