REUTERS - 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 11.12 billion rupees ($171.33 million), compared with 11.23 billion rupees last year. (bit.ly/2yOaUTk)
Analysts, on average, had expected a profit of 11.11 billion rupees, according to Thomson Reuters data.
Total revenue from operations for the quarter rose about 2 percent to 65.66 billion rupees.
($1 = 64.9050 rupees)
Reporting By Arnab Paul in Bengaluru; Editing by Vyas Mohan and Biju Dwarakanath