Bajaj Auto Q1 net up 20%https://indianexpress.com/article/news-archive/web/bajaj-auto-q1-net-up-20/

Bajaj Auto Q1 net up 20%

Net sales under review stood at Rs 4,586.91 crore,a profit of Rs 590.15 crore.

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.

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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.

BAL’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.