Bajaj Auto Q1 results: Exports boost net profit by 11%, revenue up 8%

Bajaj Auto reported better-than-expected earnings for the quarter that ended in June over the corresponding period last year as higher realisation from exports which came on back of rupee’s depreciation against the US Dollar, bumped up the overall margins.  The share of exports in the company’s total volumes (two and three-wheelers) during the quarter was 62 per cent.

A better export realisation helped the firm offset the loss in production volumes – as high as 40 per cent in the domestic market.  

Net profit during the quarter rose 11 per cent year-on-year to Rs1173 crore in the June quarter over Rs1061 crore.