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Bajaj Auto PAT for Q3 up by 16pct

Auto News - Published on Fri, 01 Feb 2019

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Two wheeler maker, Bajaj Auto has reported an increase of 15.69 per cent in its standalone profit to INR 1102 crore for the third quarter of financial year 2019. The company’s profit stood at INR 952.4 crore in the period under review for last fiscal. Company’s standalone revenue increased 16 per cent at INR 7,409.36 crore in Q3FY19 as compared to INR 6,387.64 crore in the same period for FY18. Operating EBITDA for Bajaj Auto was recorded at INR 1,290 crore.

Bajaj's total sales saw an increase of 26 per cent to 1,259,828 in the quarter ended December 31 against 1,001,469 units sold in the same period of previous fiscal.

Mr Rajiv Bajaj, Managing Director of Bajaj Auto, said that "Our international performance is validation of our strategy of focus and differentiation. Our unwavering commitment towards building the best motorcycles in the world through design, technology, quality and customer satisfaction have made us a truly global brand."

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Posted By : Joykumar Irom on Fri, 01 Feb 2019
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