19.1 percent increase reported by Bajaj Auto

Bajaj Auto, the second largest two wheeler makers in India has announced their quarter 3 reports. Bajaj auto, with an array of bikes which have got lot of fan following like Pulsar is looking more strong after acquiring KTM.

Bajaj Auto has posted a 19.19 percent rise in net profit at Rs 795 crore in the quarter ended December 31, 2011. In the same period last year, it's net stood at Rs 667 crore, the reports mentioned.

The company has registered strong sales of over 1 million units for the 3rd time in a row, and seen a turnover of Rs 5,154 crore and export revenue of Rs 1,710 crore. This will surely increase in the coming months with the arrival Duke and all.

According to reports, the automobile major reported revenues at Rs 4,840 crore for the quarter under review. Loss on derivatives hedging is reported at Rs 59 crore. It was also reported that the operating margin of the company is at its highest ever at Rs 1,061 crore.
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Last updated on 19-01-2012. Published on 19-01-2012.
Published by Bikes4Sale in category News
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