Bajaj Q2 net down 29%; hit by one-time charge at unit

Bajaj Q2 net down 29%; hit by one-time charge at unit

FPJ BureauUpdated: Saturday, June 01, 2019, 07:38 AM IST
article-image

New Delhi : Bajaj Auto reported a 29.41 per cent decline in net profit at Rs 590.9 crore for the three months ended September, hit by a one-time expense of Rs 340.29 crore related to Pantnagar plant in Uttarakhand. The company had posted a net profit of Rs 837.16 crore in the same quarter last fiscal.   Net sales rose to Rs 5,826.85 crore as against Rs 5,061.49 crore in the year-ago quarter, the company said in a statement.

During the second quarter, the company’s revenues from exports rose to Rs 2,736 crore as against Rs 2,125 crore in the same period of the previous fiscal. Unit sales volume during the period rose to 10,55,582 units as against 961,330 units in the same quarter last fiscal.

RECENT STORIES

PM Modi-Led Union Cabinet Approves ₹11,440 Crore Mission To Achieve Self-Sufficiency In Pulses

PM Modi-Led Union Cabinet Approves ₹11,440 Crore Mission To Achieve Self-Sufficiency In Pulses

Tata Motors Records Best-Ever Monthly Sales At 60,907 Units In September

Tata Motors Records Best-Ever Monthly Sales At 60,907 Units In September

Sterlite Electric Files Draft IPO With SEBI, Seeks To Raise Around ₹1,500 Crore

Sterlite Electric Files Draft IPO With SEBI, Seeks To Raise Around ₹1,500 Crore

VIDEO: 'Easing Inflation Creates Space For Rate Cut But Global Uncertainties Warrant Status Quo,'...

VIDEO: 'Easing Inflation Creates Space For Rate Cut But Global Uncertainties Warrant Status Quo,'...

FM Nirmala Sitharaman To Launch Nationwide Campaign On Unclaimed Financial Assets From October 4

FM Nirmala Sitharaman To Launch Nationwide Campaign On Unclaimed Financial Assets From October 4