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