Bajaj Auto Q1 2014 at Rs 738 crores; meets expectations

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, July 19, 2013, 11:36 [IST]

Bajaj Auto reported results that were in line with expectations with net profits for Q1 2014 at Rs 738 crores, as against Rs 718.39 crores for the quarter ended June 30, 2012.

Total Income has increased from Rs 5047.630 crores for the quarter ended June 30, 2012 to Rs 5086.69 crores for the quarter ended June 30, 2013.

Exports at the company have risen to Rs 1876 crores, as against Rs 1710 crores in the corresponding period of last year.

The company reported an improved margin thanks to ability to deal well for its forex income. Bajaj Auto is confident that there would be benefits of a depreciating rupee in the quarters to come.

The company has said that exports to Sri Lanka were stable, while exports to Egypt were affected due to geo-political crisis in the country.

The stock of Bajaj Auto was almost unchanged in trade at Rs 1896.

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