Bajaj Auto Shares Surge 5% on Strong Q3 Earnings
By Rediff Money Desk, New Delhi Jan 29, 2025 11:47
Bajaj Auto shares climbed nearly 5% on Wednesday after the company reported an 8% increase in consolidated net profit for the third quarter ended December 31, 2024, driven by robust exports.
New Delhi, Jan 29 (PTI) Shares of Bajaj Auto on Wednesday climbed nearly 5 per cent after the firm's consolidated net profit increased by 8 per cent for the third quarter ended December 31, 2024.
The stock rallied 4.89 per cent to Rs 8,803.70 on the BSE.
At the NSE, it advanced 4.86 per cent to Rs 8,807.
Bajaj Auto on Tuesday said its consolidated net profit increased by 8 per cent to Rs 2,196 crore for the third quarter ended December 31, 2024 on the back of robust exports.
The company had reported a net profit of Rs 2,033 crore in the October-December quarter of last fiscal.
Total revenue from operations was at Rs 13,169 crore for the third quarter compared with Rs 12,165 crore in the year-ago period, Bajaj Auto said in a regulatory filing.
The company said it sold a total of 12,24,472 units in the third quarter, a 2 per cent increase over 12,00,997 units in the same period of last fiscal.
The stock rallied 4.89 per cent to Rs 8,803.70 on the BSE.
At the NSE, it advanced 4.86 per cent to Rs 8,807.
Bajaj Auto on Tuesday said its consolidated net profit increased by 8 per cent to Rs 2,196 crore for the third quarter ended December 31, 2024 on the back of robust exports.
The company had reported a net profit of Rs 2,033 crore in the October-December quarter of last fiscal.
Total revenue from operations was at Rs 13,169 crore for the third quarter compared with Rs 12,165 crore in the year-ago period, Bajaj Auto said in a regulatory filing.
The company said it sold a total of 12,24,472 units in the third quarter, a 2 per cent increase over 12,00,997 units in the same period of last fiscal.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
![Kolkata Port...](https://im.rediff.com/80-80/money/2024/jan/29port.jpg)
Kolkata Port Leases Land for Eco-Wellness Hub
Syama Prasad Mookerjee Port, Kolkata, will lease 5 acres at Nature Park for an...
![HFCL Targets Rs...](https://im.rediff.com/80-80/money/2014/feb/14it4.jpg)
HFCL Targets Rs 10,000 Cr Revenue, Eyes...
HFCL, a domestic telecom gear maker, is aiming for Rs 10,000 crore revenue by...
![Godrej...](https://im.rediff.com/80-80/money/2019/nov/25pirojsha-godrej.jpg)
Godrej Properties: Rs 23,450 cr Projects, Land...
Godrej Properties acquired 12 land parcels for Rs 23,450 crore worth projects in...