Bajaj Auto shifts gear, logs 20% rise in profits; revenue jumps 16%

Consolidated net profit declines 15%

A favourable currency movement and increase in domestic two- and three-wheeler sales bumped up Bajaj Auto net profit by 20 per cent year-on-year even as the consolidated net profit declined 15 per cent. The company attributed it to the non-inclusion of financials of one of its wholly owned subsidiaries into the consolidated earnings. The subsidiary reports financials only half yearly. 

The company’s net profit increased to Rs 1,530 crore against Rs 1,275 crore in the year-ago quarter. Revenue from operations stood at a record Rs 10,203 crore, an increase of 16 per cent over the corresponding period last year. Ebitda