Bajaj Auto Ltd, India’s fourth biggest automaker by market capitalisation, on Tuesday reported a 1 percent fall in quarterly profit, in line with analysts’ expectations.
Net profit for the quarter ended Sept. 30 came in at Rs. 1,112 crore, compared with Rs. 1,123 crore last year.
Analysts, on average, had expected a profit of Rs. 1,111 crore, according to Thomson Reuters data.
Total revenue from operations for the quarter rose about 2 percent to Rs. 6,566 crore.