Bajaj Auto on Wednesday reported a net profit of Rs 1,402.42 crore for the quarter ended September 30.
That was 21.69 per cent higher compared with the corresponding period a year ago.
Revenue however declined 4.09 per cent to Rs 7,707.32 crore in the second quarter of current financial year, according to a regulatory filing by the Pune-based auto maker.
Bajaj Auto shares jumped 3 per cent after the earnings announcement by the company.Bajaj Auto shares climbed to as high as Rs3,217.10 apiece on the Bombay Stock Exchange (BSE) after the company released its financial results, as against their previous close of Rs 3,123.30.The company said the second quarter was difficult for the domestic motorcycle industry.
Bajaj Auto also said its performance was in line with the industry.On the National Stock Exchange (NSE), the Bajaj Auto stock rose 3.68per cent to touch Rs 3,237.35at the day's strongest level.Consolidated net profit increased 21.23 per cent to Rs 1,523.31 crore in the July-September period, the company said.Bajaj Auto said its operating profit stood at Rs 1,242 crore in the quarter.Bajaj Auto said the all-new Pulsar 125 launched in August sold more than 40,000 units, and the company continues to maintain its dominance in the "150cc+" segment.At 1:36 pm, Bajaj Auto sharestraded 2.83 per cent higher at Rs3,211.75 on the BSE, outperforming the benchmark Sensex index which was up0.47 per cent.Follow TheIndianSubcontinent for latest election results and live coverage of assembly elections 2019 in Maharashtra and Haryana.Subscribe to our YouTubechannel, like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.