Bajaj Auto Q3 net profit surges 8% to 1,322 cr, beats street expectations

The company registered its highest-ever export volume of 562,772 units during the quarter

Bajaj Auto on Thursday posted 8.32 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,322.44 crore for the quarter ended December 2019. It had posted a net profit of Rs 1,220.77 crore in the corresponding quarter last year.

Total revenue from operations grew 2.74 per cent to Rs 7,639.66 crore from Rs 7,435.80 crore in the year-ago quarter.

Analysts at ICICI Securities had expected Bajaj Auto's net sales in Q3FY20 at Rs 7,646 crore and profit after tax (PAT) at Rs 1,160.8 crore.

Tax expense for the Q3FY20 stood at Rs 410 crore against the Rs 457