Bajaj Auto Q3FY25 results: Net profit increases 3% to Rs 2,109 crore

The 'Pulsar' motorcycle manufacturer reported a profit of Rs 2,109 crore (around $244 million) for the October-December quarter, missing analysts' expectations of Rs 2,163 crore

Bajaj Auto on Tuesday said its consolidated net profit increased by 8 per cent to Rs 2,196 crore for the third quarter ended December 31, 2024, on the back of robust exports.

 

The company had reported a net profit of Rs 2,033 crore in the October-December quarter of last fiscal.

 

Total revenue from operations was at Rs 13,169 crore for the third quarter compared with Rs 12,165 crore in the year-ago period, Bajaj Auto said in a regulatory filing.

 

The company said it sold a total of 12,24,472 units in the third quarter, a 2 per cent increase over 12,00,997 units in the same period of last fiscal.

 

Sales in the domestic market declined 9 per cent year on year to Rs 7,07,105 units as against 7,78,281 units in the year-ago period.

 

Exports, however, rose 22 per cent year on year to 5,17,367 units from 4,22,716 units in the December quarter of last fiscal.

 

The company said it has a robust balance sheet with surplus funds of over Rs 15,001 crore after having infused capital of nearly Rs 1,600 crore in the financing subsidiary and executing a capex of Rs 450 crore in the year to date.

 

Shares of the company ended 0.49 per cent up at Rs 8,421.80 apiece on BSE.

   

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