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Exports, richer sales mix drive Bajaj Auto's Q3 earnings to record high

The maker of Pulsar and Discover brands reported a record net profit of Rs 1,556 crore compared to Rs 1,262 crore a year ago

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Net revenue increased 17 per cent to Rs 8,910 crore compared to Rs 7,640 crore a year ago

Shally Seth Mohile Mumbai
Bajaj Auto's net profit increased 23 per cent in the quarter endeed December, 2020 (Q3) compared to a year ago period. The earnings during the three-month period were fuelled by a higher contribution of pricier models in the overall sales mix coupled with a better realisation and strong volume run in the export markets, the company said. Exports accounted for a little more than half of the total number of vehicles sold by the firm during the quarter. The company maintains a cautious outlook amid persistent rise in commodity prices and weak demand in the domestic market.

The maker of