Bajaj Auto, has posted its best ever quarterly financial performance in the three months ended March 31, 2010.
The country’s second-largest two-wheeler manufacturer said on Wednesday that its net profit shot up four-fold to Rs 528.65 crore from Rs 130.21 crore in the same period last year.
Bajaj’s total income for the quarter rose 80.5 per cent to Rs 3,399.45 crore quarter-on-quarter, from Rs 1,883.41 crore.
The growth has come largely on the back of low base effect as well as an 84 per cent rise in sales at 8.08 lakh units.
“It has not only been a good but the best quarter for us,” said Rajiv Bajaj, managing director, Bajaj Auto. “Our operating margins went up progressively quarter after quarter during the year and is at the highest ever in Q4 at 22.9 per cent.”
The company's consolidated total income for the full year 2009-10 stood at Rs 11974.15 crore, up 36 per cent over 2008-09. Net profit for the year rose 198 per cent to Rs 1594.6 crore.