Bajaj Auto on Wednesday reported a 40 per cent jump in its net profit at Rs. 667 crore in the third quarter ended December 31, 2010. The turnover grew by 28 per cent to Rs. 4,277 crore.
“The quarter witnessed an all round increase in input costs. In this challenging environment, the company's focus on high-end motorcycles enabled it to maintain record high margins in excess of 20 per cent,” Bajaj Auto said in a statement.
During the period, total motorcycles sales stood at over 8.38 lakh units, a growth of 18 per cent. Domestic sales grew by 23 per cent to almost 6-lakh units, while exports went up by seven per cent to over 2.39 lakh units. Bajaj Auto's high-end segment bike ‘Pulsar' recorded its best-ever quarterly sales at 2.62-lakh units.
