Bajaj Auto Q3 profits beat estimates but margin hits a record low

Bajaj Auto reported a net profit of Rs 1,102 crore in the three months ended December

Bajaj Auto's net profit rose 15.6 per cent in the quarter ended December 2018 as against Rs 952.44 crore a year ago, driven by robust sales of motorcycles and commercial vehicles. 

Even as the increase for the fifth straight quarter surpassed estimates, the margins disappointed. The maker of Pulsar and Discover motorcycles reported a net profit of Rs 1,102 crore in the three months ended December against Rs 952.44 crore a year earlier. That compares with Rs1,047 crore that analysts surveyed by Bloomberg had forecast.

Led by higher volumes, revenue at the Pune-based firm rose 16 per cent to Rs