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Bajaj Auto posts flat Q4 net profit

Source : REUTERS
Last Updated: Thu, May 16, 2013 08:34 hrs
Newly built motorbikes are seen at the Bajaj Auto Ltd plant in Pune

Bajaj Auto Ltd, India's second-largest motorcycle maker, posted an almost flat quarterly profit, pressured by weak sales volumes in its domestic and export markets.

Net profit fell to 7.66 billion rupees ($140 million) from 7.72 billion in the year-earlier period. Revenue rose marginally to 46.51 billion rupees.

Analysts had on average expected the company to post a profit of 7.2 billion rupees on revenue of 48.12 billion rupees.


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