Bajaj Auto December quarter net profit up 19 pct

Last Updated: Thu, Jan 19, 2012 07:47 hrs

Bajaj Auto , India's second-largest motorcycle manufacturer, posted a 19 percent rise in its third-quarter net profit, almost in line with market estimates.

It reported net profit of 7.95 billion rupees for the third quarter that ended in December, compared with 6.67 billion rupees a year ago.

Rajiv Bajaj's daring bet

Net sales rose to 48.4 billion rupees from 39.8 billion rupees a year ago.

The rise and rise of American Punjabi hotelier

Analysts' mean estimate for the company's net profit was 7.92 billion rupees, according to Thomson Reuters Starmine SmartEstimate, which place more emphasis on projections from the most accurate analysts.

More from Sify: