Bajaj Auto second-quarter profit climbs, beating estimates
- By Reuters |
- Oct 24, 2018
- Last Updated at 17:23 IST
India's Bajaj Auto Ltd posted a 3.65 percent rise in September-quarter profit on Wednesday, beating analyst estimates, helped by higher sales volume.
Profit came in at 11.52 billion rupees ($157.32 million) in the second quarter ended Sept. 30, compared with 11.12 billion rupees a year earlier, the automaker said in a statement.
That compared with analysts' average estimate of 11.37 billion rupees, according to Refinitiv data.
Sales volume grew 25 percent to a quarterly record of around 1.3 million units, while total revenue from operations rose 21.6 percent in the quarter.
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