Business

Bajaj Auto net rises 23% on product mix

Bajaj Auto reported a 23% growth in standalone net profit to ₹1,556 crore for the third quarter ended December 31, due to higher operating leverage and better product mix. Revenue grew 16% to ₹9,279 crore.

The company saw vehicle sales grow 9% to 1,306,810 units in the quarter. “Q3 / FY21 has been a record quarter for the company,” Bajaj Auto said in a regulatory filing. Mitul Shah, head of research, Reliance Securities, said, “We expect its exports business to witness a healthy 12% growth in second half of FY21 on the back of revival in the African market.”

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Printable version | Mar 9, 2021 11:11:49 AM | https://www.thehindu.com/business/bajaj-auto-net-rises-23-on-product-mix/article33629391.ece

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