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Foreigners: Foreign institutional investors were net sellers of stocks (Rs3,085.70 crore) in the...

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Bajaj Auto Q1 net up 20.5% at Rs711 crore

Standalone net sales during the first quarter ended 30 June 2011 stood at Rs4,586.91 crore against Rs3,737.29 crore in the same period a year ago

Bajaj Auto Ltd has reported a 20.48% jump in standalone net profit for the first quarter ended 30June 2011 to Rs711.06 crore. The company had posted a net profit of Rs590.15 crore during the corresponding quarter last fiscal, Bajaj Auto Ltd (BAL) said in a statement.

Standalone net sales during the period under review stood at Rs4,586.91 crore against Rs3,737.29 crore in the same period a year ago, an increase of 22.73%. Motorcycle sales stood at 9,63,051 units against 8,28,391 units, up 16%.
Commercial vehicle sales stood at 1,29,764 units (99,918 units), up 30%. Total sales during the first quarter of this fiscal grew 18% to 10,92,815 units from 9,28,336 units in the same period last fiscal, it added.

On Thursday, Bajaj Auto ended 1.25% down at Rs1,430.95 on the Bombay Stock Exchange,while the benchmark Sensex gained 0.12% to 18,618.20.

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