Bajaj Auto Ltd (BAL) reported 69.3% jump in its net profit for the quarter ending 30 September to Rs682.1 crore from Rs402.8 crore on the back of its highest ever quarterly motorcycle sales.
The company's total revenues during the second quarter to end-September, rose 50% to Rs4341.8 crore from Rs2887.5 crore, same period last year, Bajaj Auto said in a release.
During the July-September period, Bajaj sold over 10 lakh units, up 45.7%, as against 6.9 lakh units in the corresponding period last fiscal. In the motorcycle segment, the company recorded its highest ever sales at 8.8 lakh units compared to 6 lakh units, a growth of 47.3%.
On Tuesday, BAL shares declined 0.6% to Rs1,512 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.9% to 19,983 points.
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