 "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.
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.
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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.
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