Bajaj Auto Sees 18% Profit Surge in June Quarter, Appoints Sangita Reddy to Board
Bajaj Auto reported an 18% increase in consolidated profit after tax, reaching Rs 1,942 crore for the June 2024 quarter. Total revenue rose to Rs 11,932 crore. The company also appointed Sangita Reddy as an additional Non-executive Independent Director. Shares traded up at Rs 9,815.70 on the BSE.
- Country:
- India
Bajaj Auto on Tuesday announced an 18 per cent rise in its consolidated profit after tax, recording Rs 1,942 crore for the June 2024 quarter. This marks an increase from Rs 1,644 crore in the same period last year.
In addition, total revenue from operations grew to Rs 11,932 crore in the first quarter, up from Rs 10,312 crore in the year-ago period, according to the company’s regulatory filing.
In other news, Bajaj Auto’s board has approved the appointment of Sangita Reddy as an additional Director (Non-executive Independent Director) for a term of five years, starting from July 16, 2024. Following the announcement, shares of Bajaj Auto were trading at 1.45 per cent higher at Rs 9,815.70 on the BSE.
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