Mumbai, July 16 (SocialNews.XYZ) Bajaj Auto Ltd on Tuesday announced a net profit of Rs 1,988 crore for the April-June quarter of the current financial year (2024-25), marking a 19.4 per cent increase over the corresponding figures of Rs 1,665 crore reported for the same period of the previous year.
The two-wheeler giant’s revenue during the quarter jumped 16 per cent to Rs 11,932 crore compared to the same period of 2023-24 on the back of robust vehicle sales and record spares revenue.
“Domestic business maintained its momentum and resilience, registering its ninth successive quarter of double-digit growth on sustained broad-based growth across the motorcycles, commercial vehicles, and electric scooters portfolio,” the company said in a press statement.
The exports of the Pune-based company, which had slowed in the previous year, bounced back in the African markets which drove up the sales volumes.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz