Bajaj Auto Share Price Surges Nearly 5% After Jump In Consolidated Profit In Q3

Bajaj Auto Share Price:  The shares of Bajaj Auto rose nearly 5 per cent on Wednesday after the company announced that its consolidated net profit soared 8 per cent in the October-December quarter of FY 2024-25. In the morning hours, the stock rose 4.89 per cent to trade at Rs 8,803.70 on the BSE and on NSE the shares surged 4.86 per cent to trade at Rs 8,807.

At around 12:02 pm, the shares of Bajaj Auto were trading at Rs 8,644.70, up 2.93 per cent against the previous day's closing price. 

Bajaj Auto on Tuesday said its adjusted net profit rose 8 per cent to Rs 2,196 crore for the third quarter ended December 31, 2024, on the back of strong exports. The company had posted a net profit of Rs 2,033 crore in the October-December quarter of the previous fiscal.

Total income from operations in the third quarter stood at Rs 13,169 crore, compared to Rs 12,165 crore in the same period last year, Bajaj Auto said in a regulatory filing.

The company said it sold a total of 12,24,472 units in the third quarter, up 2 per cent from 12,00,997 units in the same period last fiscal.

This is a developing story...

(With Inputs From PTI)