Bajaj Auto Q2 Results: Net profit grows 20% to Rs 1,836 crore, beats Street estimates

Bajaj Auto reported its financial results for the July-September period on October 18.

Bajaj Auto reported its Q2 results on October 18. | Image: Reuters

Bajaj Auto—whose popular motorcycles include the Dominar, the Pulsar and the Avenger—on Wednesday reported a standalone net profit of Rs 1,836.1 crore for the July-September period, a rise of 20 per cent on a year-on-year basis that was better than analysts' expectations. The robust quarterly profit came on the back of better sales of margin-boosting three-wheelers and premium motorcycles.

The auto major's revenue from operations grew 5.6 per cent to Rs 10,777.3 crore for the second quarter of the current financial year—its slowest second quarter revenue growth in three years.

According to Zee Business research, Bajaj Auto's quarterly net profit was estimated at Rs 1,725 crore and revenue at Rs 10,800 crore.

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Bajaj Auto took a hit of eight per cent in its overall sales volumes during the three-month period with a 13 per cent fall in the two-wheeler segment.

The company's shares closed 0.1% lower at 5,137.35 rupees ahead of the results.

Bajaj Auto became the first to report its quarterly numbers among the country's two-wheeler makers.

The company's stock ended barely in the green at Rs 5,143.8 apiece on BSE ahead of the earnings announcement.