Bajaj Auto net profit up 10%

BS 200 Scorecard

The Pune-based two-wheeler company, Bajaj Auto, riding on a surge in vehicle sales, reported a 28 per cent increase in revenues from operations to Rs 2578.40 crore for the quarter ended September 30 this year from Rs 2,003.10 crore for the same quarter last year.

The increase in profit though was lower by 10 per cent to Rs 317.59 crore, owing mainly to the rise in the cost of key inputs, such as steel, aluminium and tyres. The company's operating EBITDA (earnings before interest, tax, depreciation and amortisation) margin for the quarter declined to 15.10 per cent from 17.20 per cent in the corresponding quarter of last year.

Bajaj's motorcycle sales grew by a sharp 40 per cent, more than twice as fast as the industry average of 18 per cent, as it sold 6,23,061 units in the second quarter of this financial year.

Three-wheeler sales thrown in, the company's total sales touched 7,08,124 units "� an increase of 27 per cent.