Bajaj Auto Q4 net up 36 pc at Rs 1,175 cr

Source: The Hitavada      Date: 19 May 2018 09:39:01




TWO-WHEELER major Bajaj Auto on Friday said its consolidated net profit increased 36.32 per cent to Rs 1,175.47 crore for March quarter, driven by robust sales across segments. The company had reported a net profit of Rs 862.25 crore during January-March, 2016-17. Total revenue from operations rose to Rs 6,773.30 crore for the reported quarter as compared with Rs 5,212.83 crore in the year-ago period, Bajaj Auto said in a statement.

The company sold a total of 10,45,378 units in the fourth quarter as compared with 7,87,627 units in the year-ago period. Motorcycle sales stood at 8,56,389 units, up 22 per cent from 7,01,017 units earlier. For entire 2017-18, the company posted a net profit of Rs 4,218.95 crore, up 3.41 per cent from Rs 4,079.49 crore in 2016-17. Total revenue fromoperations for the year rose to  Rs 25,563.26 crore.