Bajaj Auto reports Q2 net profit of Rs 1,200 crore, jumps 7.2 per cent

Indian auto major Bajaj Auto Ltd reported a consolidated net profit at Rs 1,200.72 crore for the second quarter ended September 30.The company reported a 7.2per cent increase in Q2 net profits.

The company had posted a consolidated net profit of Rs 1,120.04 crore in the same quarter of last fiscal.

Total income from operations during the quarter under review was marginally up at Rs 6,432.32 crore as against Rs 6,407.54 crore.

Unit volume sales during the quarter were at 10,31,945 units as against 10,56,596 units in the year-ago period, down2.33 per cent. The company said its domestic motorcycle sales in the second quarter were at 5,79,545 units compared to 4,69,330 units in the same period last fiscal, up 23.33 per cent.

Bajaj Auto said due to headwinds in international markets, total exports were down at 3,78,017 units as compared to 5,20,149 units in the corresponding period last year, down 27.32 per cent. Shares of Bajaj Auto were trading 0.96 per cent up at Rs 2,791 on BSE.