Bajaj Auto Profit Rises Nearly 22% In September Quarter; Shares Jump 3%

INSUBCONTINENT EXCLUSIVE:
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
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
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+"
updates.