Bajaj net profit more than doubles in second quarter
October 15th, 2009 - 4:32 pm ICT by IANS ( Leave a comment )Mumbai, Oct 15 (IANS) Two-wheeler major Bajaj Auto Thursday reported a 117.85 percent rise in net profits to Rs.402.83 crore for the quarter ended Sep 30 from Rs.184.91 crore in the like period last fiscal.
The company’s total income grew 14.47 percent to Rs.290.92 crore in the period under review as compared to Rs.254.13 crore in the corresponding quarter last year.
“The profit earned for the quarter exceeded the profits earned during the first half of 2008-09,” the company said in a regulatory statement.
New product launches have helped Bajaj Auto log a record turnover and it plans to continue with more in the future.
“The strategy of the company to focus on the more profitable category of ‘bigger and sportier’ motorcycles has paid dividends and the results are reflected in the operating margins,” the statement added.
- Bajaj Auto's Q3 net profit zooms 19 percent - Jan 19, 2012
- Hero Honda quarterly net profit plunges 16.2 percent - May 04, 2011
- Bajaj Auto net profit soars 163 percent - May 18, 2011
- Bajaj Auto's third quarter profit jumps 40 percent - Jan 19, 2011
- Bajaj Auto net slips 13.2 percent - May 21, 2009
- Bajaj Auto net profit rises 21 percent in June quarter - Jul 14, 2011
- Bajaj Auto sales up 34 percent in 2010-11 - Apr 04, 2011
- Bajaj Auto net profit jumps two-fold - Feb 02, 2010
- Bajaj Auto records highest ever vehicle sales in August - Sep 02, 2011
- Bajaj Auto third quarter net up 189 percent - Jan 12, 2010
- Sun TV declares interim dividend of Rs.5 per share - Jan 28, 2011
- Hero Honda's third quarter net profit down 20 percent - Feb 02, 2011
- Bajaj Auto Q2 net profit surges 69 percent - Oct 19, 2010
- Satluj Jal Vidyut Nigam's Q1 profit up 20 percent - Jul 15, 2011
- Hero Motocorp's Q3 net profit up 43 percent - Jan 19, 2012
Tags: bajaj auto, crore, dividends, more than doubles, motorcycles, net profit, net profits, new product launches, operating margins, profit more than doubles, record turnover, second quarter, two wheeler
