Bajaj Auto fourth-quarter net profit jumps 35 percent to Rs 1,080 cr, beats estimates

India’s Bajaj Auto Ltd posted a near 35 percent jump in fourth-quarter profit on Friday, beating estimates, aided by a rise in sales volume.

Representational image. Reuters.

Representational image. Reuters.

Profit rose to Rs 1,080 crore ($158.81 million) in the January-March quarter from Rs 802 crore a year earlier, the company said in a statement here.

That compared with the Rs 1,040 crore average estimate of 16 analysts, Thomson Reuters data showed.

The company posted a growth of nearly 30 percent in total revenue from operations at Rs 6,773 crore.

Total vehicles sold climbed 33 percent to over 1 million units, with the exports volume up 31 percent.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: May 18, 2018 15:48 PM

Also See