Bajaj Auto Q2 net at Rs 591 cr

Bajaj Auto today reported a net profit of Rs 590.90 crore for the three months ended September, hit by a one-time expense of Rs 340.29 crore related to Pantnagar plant in Uttarakhand.

The company had posted a net profit of Rs 837.16 crore in the same quarter last fiscal.

Net sales during the period under review stood at Rs 5,826.85 crore as against Rs 5,061.49 crore in the year-ago quarter, the company said in a filing to the BSE.

The company's revenues from exports rose to Rs 2,736 crore as against Rs 2,125 crore in the same period of the previous fiscal.

Unit sales volume during the period rose to 10,55,582 units as against 961,330 units in the same quarter last fiscal.

Shares of Bajaj Auto today closed at Rs 2,410.05 per scrip on the BSE, up 2.5%, from their previous close.