Bajaj Auto’s first quarter net doubles, 1-for-1 bonus
July 22nd, 2010 - 4:30 pm ICT by IANSNew Delhi, July 22 (IANS) India’s second largest two and three wheeler company Bajaj Auto Thursday reported a 100 percent rise in net profit at Rs.590 crore for the first quarter of this fiscal as against Rs.293 crore in the like period of 2009-10.
The auto manufacturer’s total income increased by 66.35 percent to Rs.3,890.06 crore compared to Rs.2,338.47 crore in the corresponding period last year.
“Total motorcycle sales of the company grew by 72 percent. Domestic motorcycle sales grew by 71 percent as against the industry growth of 24 percent,” said the company in a statement.
The company also reported that its motorcycle brands like Pulsar and Discover now contributed over 80 percent of domestic motorcycle sales.
The company sold 5,66,121 motorcycle units in the first quarter of this fiscal year to grow its market share by three percent to reach 33 percent from 30 percent in the like period of previous year.
The three-wheeler segment also recorded its highest ever volume sales of 99,918 for the quarter with a growth of 58 percent.
The company exported 3,23,899 vehicles during the quarter, an increase of 82 per cent over the same period last year.
The company said its board has recommended issuing one bonus share for every share held.
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- Bajaj Auto's third quarter profit jumps 40 percent - Jan 19, 2011
- Bajaj Auto net profit soars 163 percent - May 18, 2011
- Bajaj Auto Q2 net profit surges 69 percent - Oct 19, 2010
- Bajaj Auto sales up 34 percent in 2010-11 - Apr 04, 2011
- Bajaj Auto net profit rises 21 percent in June quarter - Jul 14, 2011
- TVS Motor's third quarter net profit up 1.39 percent - Jan 31, 2012
- Bajaj Auto's Q1 sales up 14 percent - Aug 02, 2011
- Bajaj Auto sales rise 17 percent in April - May 02, 2011
- Bajaj Auto's March sales up nine percent - Apr 03, 2012
- Bajaj Auto quarterly sales rise 18 percent - Jul 04, 2011
- TVS's Q3 net profit jumps 137 percent - Jan 20, 2011
- Bajaj Auto's fourth quarter net profit down 45 percent - May 17, 2012
- TVS Motor logs 14 percent sales growth in April - May 01, 2011
Tags: auto manufacturer, bajaj auto, bonus, crore, first quarter, fiscal year, India, market share, motorcycle brands, motorcycle sales, net profit, New Delhi, previous year, rs 2, segment, three wheeler, volume sales