Q2 results: Bajaj Auto profit rises 4%, beats estimates
Bengaluru: Bajaj Auto Ltd posted a 3.65% rise in September-quarter profit on Wednesday, beating analyst estimates, helped by higher sales volume.
Profit came in at Rs 1,152 crore in the second quarter ended 30 September, compared with Rs 1,112 crore a year earlier, the automaker said in a statement.
That compared with analysts’ average estimate of Rs 1,137 crore, according to Refinitiv data.
Sales volume grew 25% to a quarterly record of around 1.3 million units, while total revenue from operations rose 21.6% in the quarter.