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Two-wheeler major Bajaj Auto, on Thursday, reported consolidated net profit of Rs 1,716.26 crore for the October-December quarter of FY21 (Q3FY21), up 29.7 per cent, from a profit of Rs 1,322.4 crore in the year-ago period, primarily on the back of 9 per cent year-on-year (YoY) volume growth. Sequentially, the profit surged 43.74 per cent from Rs 1,193.97 crore posted in the September quarter of FY21. The company s revenue grew 16.62 per cent YoY to Rs 8,909.88 crore, as against Rs 7,639.66 crore in Q3FY20. Analysts at HDFC Securities had pegged revenue and profit for the quarter at Rs 7,246.7 crore and Rs 1,209.5 crore, respectively. Standalone numbers On a standalone basis, the net profit came in at Rs 1,556.3 crore, up 23.4 per cent on a YoY basis while revenue grew to Rs 8,910 crore. Both the figures were the company s highest-ever in a single quarter. ....
Bajaj Auto Q3 preview: Analysts expect Bajaj Auto to announce a decent set of numbers, on Thursday, for the December quarter of FY21 (Q3FY21), with net profit expected to grow around 10 per cent year-on-year (YoY), on the back of volume uptick. The company had reported revenue and profit of Rs 7,639.7 crore and Rs 1,262.6 crore, respectively in the year-ago quarter. According to the monthly sales data, Bajaj Auto sold 13.06 lakh units in the December quarter, up 9.9 per cent YoY as compared to 12.02 lakh units sold in the year-ago quarter. In Q3FY21, the company sold 11.93 lakh two-wheelers, up 16 per cent YoY, and 1.12 lakh commercial vehicles, down 36 per cent YoY. ....