Bajaj Auto Ltd has reported 24.5 per cent increase in consolidated net profit at Rs 1,041.78 crore for the first quarter ended June 30, 2018 on robust sales.
According to a BSE filing, the company had posted a consolidated net profit of Rs 836.74 crore in the same quarter of last fiscal.
Sales during the quarter under review stood at Rs 7,267.19 crore. It was Rs 5,740.3 crore in the year-ago period. The two figures are not comparable as sales for first quarter of this fiscal is net of tax after GST implementation in July last year.
Total sales volume stood at 12,26,641 units in the first quarter against 8,88,434 units in the same quarter last fiscal, a growth of 38 per cent. Overall motorcycles sales stood at 10,29,964 units compared with 7,75,714 units in the year-ago quarter, up 33 per cent.
Bajaj Auto said its domestic motorcycle sales during the quarter stood at 5,94,234 units against 4,26,562 units in the same period last fiscal, a growth of 39 per cent. Domestic commercial vehicle sales stood at 94,431 units against 52,347 units in the corresponding period last fiscal, up 80 per cent.
Motorcycle exports grew 25 per cent during the first quarter at 4,35,730 units against 3,49,152 units in the same period of the last fiscal, the filing said.
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