Bajaj Auto Net vrooms 69 percent on record motorcycle sales
Bajaj Auto Ltd, one of the major two-wheeler players in the country has much reason to rejoice. On the back of its highest-ever quarterly motorcycle sales, Bajaj Auto has reported 69.32 per cent jump in its net profit at Rs 682.08 crore for the second quarter ended September 30, 2010. According to a company statement, the net profit stood at Rs 402.83 crore during the same period last fiscal.
Total income during the quarter under review stood at Rs 4,341.82 crore compared with Rs 2,887.51 crore in the corresponding period last fiscal, up 50.37 per cent.
During July-September quarter, the company had sold 10, 00,570 units against 6, 86,727 units in the corresponding period last fiscal, up 45.70 per cent.
In the motorcycle segment, the company recorded its highest ever sales at 8, 83,494 units compared with 5, 99,641 units, a growth of 47.33 per cent. “The quarter witnessed the highest-ever motorcycle sales,” the statement said.