Bajaj Q1 net up 21% on high volume growth | business | Hindustan Times
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Bajaj Q1 net up 21% on high volume growth

business Updated: Jul 14, 2011 22:48 IST
HT Correspondent
HT Correspondent
Hindustan Times
Bajaj Auto

Two-wheeler major Bajaj Auto posted a 21% increase in net profit for the April-June quarter of 2011-12 at R711 crore against Rs590 crore during the same period last fiscal. The company reported a 22% rise in turnover at Rs4,850 crore. Motorcycle and three-wheeler sales grew 18% during this time to 1.1 million units.

The company said the quarter witnessed highest volume growth both in two-wheelers as well as commercial vehicles. Bajaj’s motorcycle sales were up 16% at 963,051, while commercial vehicle sales were up 30% at 129,764 units. Exports grew 32% at 4,27,364 units, which is highest ever for Bajaj.

Despite inflationary pressures, higher volume and focus on high-end motorcycles helped the company achieve an operating margin of 19.1%.