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Bajaj Auto net profit up by 24pct in Q1 2018

Auto News - Published on Tue, 24 Jul 2018

Image Source: financialexpress.com
Bajaj Auto reported a 24.5 per cent increase in its consolidated net profit at INR 1,041.77 crore for the quarter ended June 30. The company had posted a net profit of INR 836.75 crore during the same period previous fiscal, Bajaj Auto said in a regulatory filing.

Total revenue from operations during the quarter under review stood at INR 7,419.29 crore. It was INR 6,773.30 crore in the year ago period.

Expenses during the April-June quarter grew to INR 6,209.10 crore as against INR 5,545.86 crore in the same quarter previous fiscal.

The company said that it has achieved its highest ever volumes at 1,226,641 units in the quarter, up 38 per cent from the same quarter last fiscal. It had sold 888,434 units in the Q1 of the previous year.

It also touched the highest ever turnover on a standalone basis at Rs 7,824 crore, up 33 per cent from the previous period.

On standalone basis, the company reported its highest ever profit after tax at INR 1,616 crore during the quarter.

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Posted By : Rabi Wangkhem on Tue, 24 Jul 2018
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