You are here: Home » Reuters » News
Business Standard

Bajaj Auto third-quarter profit jumps nearly 16 percent


(Reuters) - Bajaj Auto Ltd posted a higher profit on Wednesday, exceeding analysts' expectations, as the company sold more motorcycle units during the quarter. Profit rose to 11.02 billion rupees ($154.72 million) for the three months ended Dec. 31, compared with 9.52 billion rupees a year earlier. That compared with analysts' average estimate of 10.54 billion rupees, according to Refinitiv data.Sales volume surged 26 percent, helping total revenue from operations jump 16 percent to 74.09 billion rupees, the company said in a statement. ($1 = 71.2260 Indian rupees) ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, January 30 2019. 14:14 IST