13 Nov 2019 | 8:10 PM

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COMPANYNEWS
Bajaj Auto Q2 net profit up 21.69% at Rs 1402.42 cr
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Published on 10-23-2019
The company reported standalone net profit of Rs 1402.42 crore for the quarter ended September 30 2019 as compared to Rs 1152.48 crore in the same period last year registering a year-on-year growth of 21.69 per cent.


Net revenue of the company declined marginally by 4.25 per cent at Rs 7499.21 crore in July-September quarter of this fiscal as against Rs 7831.79 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 3.23 per cent to Rs 6429.27 crore from Rs 6643.84 crore in year ago period.


Other Income grew by 3.12 per cent at Rs 393.44 crore versus (Sep`18 Rs 381.52 crore).


Operating Profit slipped by 4.83 per cent to Rs 1278.05 crore as against Rs 1342.95 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.64 per cent in September quarter.


Interest grew by 300.00 per cent y-o-y to Rs 1.24 crore while Taxation decreased by 58.72 per cent at Rs 206.49 crore (Sep`18 Rs 500.17 crore).