Bajaj Auto shares gained nearly 5 per cent to touch record high of ₹ 3,807.75 on the BSE after the Two-wheeler major reported a 23 per cent jump in net profit for the quarter ended December 31, 2021. At 2.55 pm, the shares of Bajaj Auto were trading off their intra-day highs, at ₹ 3,709.25, up ₹ 71 or 1.9 per cent on the BSE.
The Pune-based company in a stock exchange filing said that its net profit in October-December period (third quarter of current financial year) rose 23 per cent to ₹ 1,556 crore as against ₹ 1,262 crore during the same quarter last year.
Bajaj Auto’s revenue from operations advanced 17 per cent to ₹ 8,910 crore compared with ₹ 7,640 crore in the corresponding quarter a year ago. Bajaj Auto’s operating profit or earnings before interest, tax, depreciation and amortization (EBITDA) came in at ₹ 1,764 crore and operating profit margin rose to 19.8 per cent.