Bajaj Auto September quarter profit declines 19%
Click here to read full article from source
Mumbai, Oct. 22 -- Pune-based Bajaj Auto Ltd has reported a 19% year-on-year decline in its standalone profit to Rs.1,138 crore for the September quarter this year.
The company attributed the drop in profit during the quarter to lower interest rates during Q2, resulting in lower treasury income, and a one-time gain of Rs.182 crore during the year-ago period that came from revision in corporate tax rates.
Bajaj Auto reported an improvement in its Ebidta margins during the September quarter at 18.2% as against 16.9% during the year-ago period. Optimization of fixed cost helped in improving the margin profile, it said in a note.
The company also said that Director General of Foreign Trade's order on 1 September, restricting merchandise ex...
To read the full article or to get the complete feed from this publication, please Contact Us