Wednesday, October 24, 2018

Bajaj Auto yet to pick up speed

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Bajaj Auto has reported  4% year-on-year growth in its net profit at Rs 1152 Cr in Q2 FY19, as  against Rs 1112 Cr  in the corresponding quarter of last fiscal. 

Net sales grew 22% at Rs 8071 Cr  on Y-o-Y basis.

The company sold 13.3 lakh units between July and September, a year-on-year increase of 25 percent, led by the healthy growth in commercial vehicle sales. Bajaj Auto's  exports rose 33 percent year-on-year to 5.34 lakh units during the period.

Reacting to the results the stock lost Rs 118 or 4.5% and closed at Rs 2469.

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