Bajaj Auto Sees 18% Profit Boost in Q1 FY24, Surpasses Expectations
Bajaj Auto reported an 18% increase in consolidated profit after tax for Q1 FY24, reaching Rs 1,942 crore. This growth was fueled by robust sales in both domestic and export markets. Total revenue from operations rose to Rs 11,932 crore, and total sales units increased by 7%.
- Country:
- India
Bajaj Auto on Tuesday announced an 18% increase in its consolidated profit after tax, amounting to Rs 1,942 crore for the first quarter ended June 30, 2024. This significant growth was driven by robust sales in both domestic and export markets.
The Pune-based automaker had reported a profit after tax of Rs 1,644 crore in the same quarter last year. Additionally, total revenue from operations rose to Rs 11,932 crore, up from Rs 10,312 crore in the prior-year period, according to a regulatory filing.
The company achieved total sales of 11,02,056 units in the first quarter, marking a 7% increase from the 10,27,407 units sold in the same period last year. Domestically, the company saw an 8% rise, while exports grew by 7% year-on-year.
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