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Bajaj Auto fourth-quarter profit jumps 35 percent, beats estimates


(Reuters) - India's Bajaj Auto Ltd posted a near 35 percent jump in fourth-quarter profit on Friday, beating estimates, aided by a rise in sales volume.Profit rose to 10.80 billion rupees ($158.81 million) in the January-March quarter from 8.02 billion rupees a year earlier, the company said in a statement That compared with the 10.40 billion rupees average estimate of 16 analysts, Thomson Reuters data showed.The company posted a growth of nearly 30 percent in total revenue from operations at ...

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First Published: Fri, May 18 2018. 14:31 IST