Bajaj Auto shares slip post Q1 results

Shares of Bajaj Auto Ltd today fell by over 2 per cent after the company reported a marginal increase in its net profit for the first quarter ended June 30, 2014.
The company's stock ended at Rs 2,091.70, down 2.27 per cent on the BSE. In intra-day session, the stock lost 3.18 per cent to Rs 2,072.
At the NSE, shares of Bajaj Auto declined by 2.34 per cent to Rs 2,087.10.
Bajaj Auto today reported a marginal increase in its net profit at Rs 739.98 crore for the first quarter ended June 30, 2014.
The company had posted a net profit of Rs 737.68 crore in the same quarter last fiscal.

Net sales during the period under review stood at Rs 5,133.37 crore as against Rs 4,808.73 crore in the year-ago quarter, the company said in a statement.
Bajaj Auto said its exports revenue during the first quarter stood at Rs 2,251 crore as against Rs 1,876 crore in the corresponding period last fiscal.