Bajaj Auto Ltd.

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.