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Friday, October 28, 2016

Bajaj Auto Q2 profit rises 7% to Rs 1122cr on other income boost



Two-wheeler manufacturer Bajaj Auto has reported a 6.7 percent growth in second quarter profit at Rs 1,122 crore on yearly basis, largely driven by other income.

Two-wheeler manufacturer Bajaj Auto   has reported a 6.7 percent growth in second quarter profit at Rs 1,122 crore on yearly basis, largely driven by other income

Revenue during the quarter increased only 0.4 percent to Rs 6,432 crore due to tepid sales volume growth.

Other income grew by 27.6 percent to Rs 342 crore compared with year-ago period.

At 13:15 hours IST, the stock was quoting at Rs 2,808.00, up Rs 43.65, or 1.58 percent on the BSE.







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