Bajaj Auto net profit jumps 16%, beats estimates

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Bajaj Auto net profit jumps 16%, beats estimates

Jan 30, 2019 17:39 IST

Bajaj Auto declared their third-quarter earnings and the automaker reported a net profit of 1,102 crore rupees year-on-year against 952.44 crore reported in the corresponding quarter last year. Net profit rose 16% beating estimates while revenue also surged 16% led by higher sales volume. The company also witnessed a 26% rise in auto sales. However, Bajaj's operating margin missed estimates of 16.1%contracting to 15.6%.

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