Bajaj Auto’s June quarter profit up 42 percent at Rs 1,665 crore

Mumbai: Domestic auto maker Bajaj Auto reported a 42 per cent jump in its standalone net profit to Rs 1,665 crore for the quarter ended June 1 of the current financial year. Giving information about the results of the April-June quarter, the company said in a statement on Tuesday that it had a net profit of Rs 1,173 crore on a standalone basis in the same quarter a year ago.

The company’s operating income jumped 29 per cent to Rs 10,310 crore in the quarter under review as against Rs 8,005 crore in the year-ago period. Bajaj Auto’s total vehicle sales during this period increased by 10 percent to 10,27,407 units. The figure stood at 9,33,646 units in the same quarter last year. The company sold a total of 8,89,330 two-wheelers during the period under review, up five per cent from 8,47,158 units a year ago. While commercial vehicle sales stood at 1,38,077 units, a growth of 60 per cent over the previous year’s 86,488 units. The company’s domestic sales stood at 6,41,556 units, up 82 per cent, but exports fell by 34 per cent to 3,85,851 units. Bajaj Auto said it registered double digit growth in motorcycle sales despite challenges in overseas markets.