Automobile News

Bajaj Auto’s Q3 standalone net profit rises 3%

Bajaj Auto’s Q3 standalone net profit rises 3%

Mumbai: Two- and three-wheeler manufacturer Bajaj Auto on Friday reported a 3 per cent rise in its standalone net profit for the quarter ended on December 31.

According to the company, its net profit during the quarter under review increased to Rs 952.44 crore from Rs 924.62 crore earned during the corresponding period of 2016-17.

Further, the company reported that its total income rose 16.27 per cent to Rs 6,246.23 crore, up from Rs 5,673.42 crore.

The company’s total quarterly sales including exports grew by 18 per cent to 1,001,469 units from 851,645 units in the corresponding period of 2016-17.

On consolidated basis, the company’s net profit during Q3 rose to Rs 1,013.16 crore from Rs 976.82 crore reported for Q3 FY17.

IANS