Thursday, February 27, 2025 | 10:37 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Bajaj Auto Q3FY25 results: Net profit increases 3% to Rs 2,109 crore

The 'Pulsar' motorcycle manufacturer reported a profit of Rs 2,109 crore (around $244 million) for the October-December quarter, missing analysts' expectations of Rs 2,163 crore

Bajaj Auto showroom

Smaller-than-expected rise in third-quarter profit was due to low domestic sales of its motorcycles and three-wheelers.

Press Trust of India

Listen to This Article

Bajaj Auto on Tuesday said its consolidated net profit increased by 8 per cent to Rs 2,196 crore for the third quarter ended December 31, 2024, on the back of robust exports.
 
The company had reported a net profit of Rs 2,033 crore in the October-December quarter of last fiscal.
 
Total revenue from operations was at Rs 13,169 crore for the third quarter compared with Rs 12,165 crore in the year-ago period, Bajaj Auto said in a regulatory filing.
 
The company said it sold a total of 12,24,472 units in the third quarter, a 2 per cent increase over 12,00,997 units in the same period of last fiscal.
 
 
Sales in the domestic market declined 9 per cent year on year to Rs 7,07,105 units as against 7,78,281 units in the year-ago period.
 
Exports, however, rose 22 per cent year on year to 5,17,367 units from 4,22,716 units in the December quarter of last fiscal.
 
The company said it has a robust balance sheet with surplus funds of over Rs 15,001 crore after having infused capital of nearly Rs 1,600 crore in the financing subsidiary and executing a capex of Rs 450 crore in the year to date.
 
Shares of the company ended 0.49 per cent up at Rs 8,421.80 apiece on BSE.
   
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 28 2025 | 6:09 PM IST

Explore News