Bajaj Auto Q3 net profit rises 4.67% to Rs 901.5 crore

Bajaj Auto on Thursday reported 4.67% increase in net profit to Rs 901.49 crore for the third quarter (Q3) ended December 31, 2015-16. The company had posted a net profit of Rs 861.24 crore in the October-December quarter of the previous fiscal.

Net sales during the third quarter of the current fiscal were down 1.02% at Rs 5,463.2 crore, as against Rs 5,520.01 crore in the year-ago quarter, the company said in a BSE filing.

In terms of volume, sales during the quarter declined by 3.35% to 9,51,498 units as against 9,84,520 units sold in the same period last fiscal. The company said its motorcycles during the period grew by 86% to 2,15,000 units. Its exports revenue during the quarter was at Rs 2,281 crore.

At 1441 hours, the shares of Bajaj Auto were trading down 2.00% or Rs 47.00 at Rs 2,301.05 per scrip intraday on the BSE.