Bajaj Auto Q1FY23 results: Net profit up 11% YoY to Rs 1,173 cr, revenue 8%

Bajaj Auto Q1 review: Auto major Bajaj Auto clocked 8.3 per cent rise year-on-year (YoY) in total revenue from operations to Rs 8,004.97 crore in June quarter results (Q1FY23) on a standalone basis.

Bajaj Auto Q1 result: Auto major Bajaj Auto, on Tuesday, reported 8.3 per cent year-on-year (YoY) rise in standalone revenue from operations to Rs 8,004.97 crore in June quarter (Q1FY23) on the back of favourable product mix. Sequentially, the automaker registered 0.3 per cent rise in total revenue from operations from Rs 7,974.84 in Q4FY22. 

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