Mumbai, Oct 15 (Inditop.com) Two-wheeler major Bajaj Auto Thursday reported a 117.85 percent rise in net profits to Rs.402.83 crore for the quarter ended Sep 30 from Rs.184.91 crore in the like period last fiscal.
The company’s total income grew 14.47 percent to Rs.290.92 crore in the period under review as compared to Rs.254.13 crore in the corresponding quarter last year.
“The profit earned for the quarter exceeded the profits earned during the first half of 2008-09,” the company said in a regulatory statement.
New product launches have helped Bajaj Auto log a record turnover and it plans to continue with more in the future.
“The strategy of the company to focus on the more profitable category of ‘bigger and sportier’ motorcycles has paid dividends and the results are reflected in the operating margins,” the statement added.
