India’s third largest two-wheeler maker Bajaj Auto on Thursday reported a marginal decline in its standalone net profit for the quarter ended March to Rs.
765.77 crore from Rs.
772 crore in the corresponding period last year.
The standalone net income, however, went up by 2.04% to Rs. 4,746.48 crore from Rs. 4,651.44 crore in the year-ago period.
During the last quarter, the company’s total vehicle sales stood at 9,81,242 units compared to 10,17,167 units in the same quarter last year, down 3.53%.
For the entire 2012-13 financial year, the company witnessed its consolidated net profit climbing by 2.87% to R3,132.69 crore from R3,045.40 crore in the previous fiscal, BAL said.
The consolidated net income during FY’13 also rose by 2.28% to R20,041.99 crore from R19,594.65 crore in FY’12.
Shares closed trading 0.77% down at Rs. 1,807.75 apiece on BSE.