Stay updated with breaking news from Sajaj auto ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ....