Bajaj Auto Ltd reported a 20.48 per cent jump in standalone net profit for the first quarter ended June 30 to Rs 711.06 crore.
The company had posted a net profit of Rs 590.15 crore for the corresponding quarter last fiscal,Bajaj Auto Ltd BAL said in a statement.
Standalone net sales during the period under review stood at Rs 4,586.91 crore,as against Rs 3,737.29 crore in the same period a year ago,an increase of 22.73 per cent.
Motorcycle sales during the first quarter this fiscal stood at 9,63,051 units,as against 8,28,391 units in the same period a year ago,up 16 per cent.
BAL said its commercial vehicle sales during the period under review stood at 1,29,764 units,up 30 per cent compared to 99,918 units in the year-ago period.
Total sales during the first quarter this fiscal grew 18 per cent to 10,92,815 units,compared to 9,28,336 units in the same period last fiscal,it added.
BAL8217;s scrip was trading down 2.31 per cent from its previous close on the BSE at Rs 1,415.60 per share at noon on Thursday.