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Bajaj Auto Q2 profit falls about 1 percent
October 17, 2017 / 7:55 AM / a month ago

Bajaj Auto Q2 profit falls about 1 percent

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.

A worker cleans a Bajaj motorcycle at a Bajaj showroom in Kolkata October 16, 2013. REUTERS/Rupak De Chowdhuri/File Photo

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

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