 "Bajaj Auto")
Net profit at Bajaj Auto for the March quarter rose 10 per cent year-on-year. A higher realisation of exports revenue which came on back of favourable currency movement bumped up profits.
An improved volume of the more profitable three-wheeler business also helped the company offset the decline in the domestic motorcycle business. A severe shortage of the semiconductors led to a steep decline in the domestic motorcycle business.
Revenue from operations at the Pune-based firm declined 7 per cent YoY to Rs 7,975 crore from Rs 8,596 crore a year ago. Net profit during the three month period rose to
