Bajaj Auto reported a decline in net profit in the third quarter of the current financial year
New Delhi:
Bajaj Auto on Wednesday reported a 17 per cent decline in its consolidated profit after tax at Rs 1,430 crore for the third quarter ended December 2021 due to lower sales.
The company had posted a consolidated profit after tax of Rs 1,716 crore in the October-December period of FY 2020-21.
Bajaj Auto said in a statement that total revenue from operations increased to Rs 9,022 crore during the third quarter as against Rs 8,910 crore in the same period last fiscal.
The Pune-based company’s overall volumes declined 10 per cent to 11,81,361 units in the third quarter, as against 13,06,810 units in the same period last fiscal.
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