Bajaj Auto on Thursday reported 8.33% increase in consolidated net profit at Rs 1,322.44 crore in the third quarter ended December 31, 2019. The company had posted a consolidated net profit of Rs 1,220.77 crore in the same period last fiscal, Bajaj Auto said in a regulatory filing.
Total revenue from operations stood at Rs 7,639.66 crore as compared to Rs 7,435.80 crore in the corresponding period last fiscal, a growth of 2.74%, it added. The company said driven by reduction in cost of material, increase in prices and additional realisation from US dollar to rupee conversion, there was an improvement in its EBIDTA margin during the quarter.
Total vehicle sales were at 12,02,486 units as against 12,59,828 units in the year-ago period, down 5%, Bajaj Auto said. Motorcycle sales during the quarter stood at 10,27,161 units as against 10,78,384 units in the corresponding period last fiscal, a decline of 5%. Commercial vehicle sales were also down 3%at 1,75,325 units as compared to 1,81,444 units a year ago, the company said. Motorcycle sales in the domestic market were down 16% at 5,42,978 units. Overall exports however grew by 7% to 5,62,772 units in the third quarter.
