Bajaj Auto Profit Falls 22% To Rs 1,194 Crore In September Quarter

Bajaj Auto shares recovered initial losses after declining as much as1.30 per cent to Rs 2,977 apiece on the BSE after the announcement.

Bajaj Auto Profit Falls 22% To Rs 1,194 Crore In September Quarter

Bajaj Auto's total income declined 0.77% in the quarter ended September 30

Bajaj Auto on Thursday reported a net profit of Rs 1,193.97 crore in the July-September period, marking a decline of 21.62 per cent compared to the corresponding period a year ago. In a regulatory filing, Pune-based automaker said its total income stood at Rs 7,441.66 crore in the second quarter of current financial year, as against Rs 7,499.21 crore in the year-ago period. Shares in Bajaj Auto recovered initial losses after declining as much as 1.30 per cent to Rs 2,977 apiece on the BSE after the announcement. 

At 2:02 pm, the Bajaj Auto stock traded 0.17 per cent higher at Rs 3,021.40 apiece on the bourse, outperforming the benchmark S&P BSE Sensex index which was down 0.27 per cent. 

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