The two-wheeler player beat Street estimates as analysts had estimated the company to report flat-to-negative revenues YoY in the quarter under review. READ HERE
Profit after tax (PAT), on the other hand, saw an increase of over 10 per cent YoY to Rs 1,173.3 crore in Q1FY23 from Rs 1,061.18 crore, in the year-ago quarter. However, on a sequential basis, PAT narrowed 20 per cent from Rs 1,468.95 crore in Q4FY22.
At the bourses, Bajaj Auto fell 0.7 per cent to Rs 3,993 apiece on Tuesday as of 2:20 PM. In comparison, Nifty50 and the S&P BSE Sensex traded lower at 0.5 per cent, each.
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