Bajaj Auto Q3 net dips 16%

The country’s second largest two-wheeler maker Bajaj Auto has posted a 16.61 per cent decline in net profit at Rs 273.82 crore for the third quarter ended December 31, 2007 as against Rs 328.35 crore in the same period a year ago. The total income of the group decreased 2.33 per cent to Rs 2,633.26 crore for the quarter under review, from Rs 2,696.03 crore during the corresponding period last year.

The standalone profit of the firm reported a dip of 5.32 per cent at Rs 326.81 crore in the latest quarter, from Rs 345.19 crore in the corresponding period last year. The total income was recorded at Rs 2,680.35 crore in the latest quarter as against Rs 2,729.18 crore in the year-ago period, down 1.79 per cent.