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News Details

Bajaj Auto Q3 net rises 4.6 pct at Rs 901 cr

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04/02/2016 16:35
Bajaj Auto has reported that its net profit for the third quarter ended December 31, 2015 climbed by 4.6 per cent at Rs 901 crore from the same period a year ago even as sales declined.

In Q3 FY 2014-15, the company had posted a net profit of Rs 861 crore in the same period a year ago, Bajaj Auto Ltd said in a filing to the Bombay Stock Exchange (BSE).

Net sales fell by 1 per cent at Rs 5,463 crore in Q3 FY 2015-16 from Rs 5,520 crore in the same period a year ago.

Sales volume fell 3.35 per cent at 951,498 units in Q3 FY 2015-16 from 984,520 units in the same period a year ago.

Sales of motorcycles surged by 86 per cent at 215,000 units in Q3 FY 2015-16 from the same period a year ago.

Export revenue tumbled by 71 per cent at Rs 2,281 crore in Q3 FY 2015-16 from Rs 7,752 crore in the same period a year ago amidst a slowdown in key global markets.

Total expenses fell by 0.62 per cent at Rs 4,468 crore in Q3 FY 2015-16 from Rs 4,496 crore in the same period a year ago.

Shares of the company slipped by 1.62 per cent to end at Rs 2,310.05 a piece on the BSE on Thursday.