Bajaj Auto Ltd posted a 39.04 per cent increase in net profit at Rs 169.59 crore on a consolidated basis in first quarter ended June 30, 2003, compared to Rs 121.97 crore posted during the same period of the previous fiscal. The company’s total income (net of excise) rose to Rs 1,197.27 crore as compared to Rs 1,107.81 crore posted during the first quarter of FY-03, Bajaj Auto informed the BSE. On a standalone basis, the auto major posted a net profit of Rs 161.06 crore in the June quarter, as against Rs 121.81 crore recorded during the same period of last fiscal. Other income for the quarter under review includes Rs.41.46 crore (Rs. 28.4 crore in Q1 of FY-03) and profit on sale of investments of Rs. 33.88 crore.
