Two-wheeler giant Bajaj Auto reported a smashing 189.24 per cent increase in its net profit at Rs 475.14 crore for the third quarter ended December 31, 2009.
The company had a net profit of Rs 164.27 crore in the correponding quarter a year ago.
Total income rose to Rs 3,330.68 crore for the third quarter ended December, as against Rs 2,140.98 crore in the same period previous fiscal, Bajaj Auto said in a filing to the Bombay Stock Exchange (BSE).
For the nine month ended December 31, the company has posted a net profit of Rs 1,171.46 crore, a jump of over 123 per cent from Rs 524.29 crore in the same period previous year.
Shares of Bajaj Auto closed at Rs 1,698.10 on the BSE, up 1.77 per cent from the previous close.