Bajaj Auto Q3 standalone net profit rises

Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported a 15 per cent rise in its standalone net profit for the quarter ended on December 31, 2019.

According to the company, its net profit during the quarter under review increased to Rs 1,262 crore from Rs 1,102 crore earned during the corresponding period of the previous fiscal.

Further, the company reported that its revenue from operations rose 3 per cent to Rs 7,640 crore, up from Rs 7,436 crore reported for Q3, 2018-19.

The company's total quarterly sales including exports fell by 5 per cent to 1,202,486 units from 1,259,828 units in the corresponding period of the previous fiscal.

"As on 31st December 2019, surplus cash and cash equivalents stood at Rs 17,407 crore as against Rs 15,986 crore as on 30th September 2019," the company said in a statement.