MoneyWorks4Me

Bajaj Auto reports marginal decline of 1% in Q4 net profit

16 May 2013 Evaluate

Bajaj Auto, India's second biggest two-wheeler manufacturer, has reported a 0.9% decline in net profit at Rs 765 crore for the quarter ended March 31, 2013 as against Rs 772 crore posted in the same quarter a year earlier. Net sales for the quarter stood at Rs 4,651 crore, a growth of 3% as compared to Rs 4,515 crore posted in the same quarter a year ago.

Automaker has registered a 10% fall in total sales (excluding exports) to 3.44 lakh units in April 2013 against 3.81 lakh units in April 12. The sales of the motorcycles declined by 12% to 3.01 lakh units in the month under review against 3.42 lakh units in April 12. Company’s total exports stood at 1.30 lakh units, a drop of 23% as compared to 1.69 lakh units sold in the corresponding month last year. 

Peers
Company Name CMP
Bajaj Auto 10069.85
TVS Motor Company 4021.45
Hero MotoCorp 5173.00
Eicher Motors 6949.85
OLA Electric Mobilit 37.09
View more..