Bajaj Auto Shows Sharp Increase in Quarterly Sale and Profit: Result
Result Overview: Net Profit Increase 40%
Bajaj Auto sprang up a surprise when it has reportedly registered a 40% increase in its net profit in the third quarter that culminated on December 31, 2010. With this unexpected jump, the Indian two wheeler giant has pocketed a net profit of Rs.667 crore.
The company with its impressive performance has wronged the speculation of the trade pundits. Analysts now believe that the remarkable growth is hugely motivated by the success of company’s popular brands “ Bajaj Discover” and “Bajaj Pulsar”.
Latest financial results show that the turnover of the company has grown by 28% to Rs 4,277 crore. The official statement issued by Bajaj Auto Limited confirmed that the last financial quarter saw overall progress in the input costs. The statement further told that the company remained focused towards achieving excellence in the production of high quality motorcycles. This focus allowed the company to uphold great margins in addition to 20%.
During the third quarter, the company sold more than 8.38 units of motorcycles. This figure marks a growth of 18%. Domestic sales increased by 23% to about 6 lakh units while exports increased by 7% to more than 2.39 units. Company’s flagship bike segment “Pulsar” registered a record-breaking quarterly sale that reached the magical figure of 2.62 lakh units.
