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Domestic demand drives Bajaj Auto's small profit growth; net up by 3%

On a standalone basis, the company's net profit was up 23 per cent to Rs 1,491 crore

Bajaj Auto

The 2W performance was buoyed particularly by solid festive season sales by 125 cc and above

Shine Jacob Chennai
Two-wheeler major Bajaj Auto on Wednesday posted a marginal rise of 3 per cent in consolidated net profit during Q3FY23 to Rs 1,473 crore, against Rs 1,430 crore a year ago. Though there was a decline in exports (that contribute to 50 per cent of its business), the rise in domestic volume helped the company to improve its numbers.

On a standalone basis, the company’s net profit was up 23 per cent to Rs 1,491 crore.

The Pune-based company’s total revenue from operations during the quarter also increased by 3 per cent to Rs 9,319 crore, against Rs 9,022 crore

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First Published: Jan 25 2023 | 7:17 PM IST

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