Domestic demand drives Bajaj Auto's small profit growth; net up by 3%

Two-wheeler major Bajaj Auto on Wednesday posted a marginal rise of 3 per cent in consolidated net profit during Q3FY23 to Rs 1,473 crore, against Rs 1,430 crore a year ago. Though there was a decline in exports (that contribute to 50 per cent of its business), the rise in domestic volume helped the company to improve its numbers.

On a standalone basis, the company’s net profit was up 23 per cent to Rs 1,491 crore.

The Pune-based company’s total revenue from operations during the quarter also increased by 3 per cent to Rs 9,319 crore, against Rs 9,022 crore