Bajaj Auto gains momentum on strong sales in January

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However, Q3FY18 net profit dropped by 14.33% compared to Rs 1,111.86 crore of the preceding quarter.

Bajaj Auto recorded standalone net profit of Rs 952.44 crore in Q3FY18, up by 3% from Rs 924.62 crore in the corresponding period of the previous year.

Bajaj Auto said total revenue from operations stood at Rs 6,369.34 crore against Rs 5,354.13 crore in the year-ago quarter.

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On a positive note, the CV portfolio, which helped the company post a strong result, Bajaj claims that the CV sales have also been the highest ever for a quarter (domestic 105% + exports 48%); 182,959 units. EBITDA margins stood at 20.6%.

The stock gained as much as 1.85 percent in morning.

The company's total volumes during the quarter (including exports) advanced by 17.6% to 1,001,469 units over the same period a year ago.

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Mumbai: Bajaj Auto Ltd on Friday reported a rise in net profit, snapping a downward trend that lasted four consecutive quarters up to September, on the back of higher three-wheeler and motorcycle sales in both overseas and domestic markets.

Among the prominent decliners, SBI, Adani Ports, Bajaj Finance, Kotak Bank, Axis Bank, Yes Bank, ONGC, HDFC and LIC Housing Finance lost 2-3 percent. The company says it has witnessed its highest ever quarterly sale of commercial vehicles in the domestic market, selling 110,123 vehicles in Q3 FY2018.

In global market, new and nascent markets continue to witness healthy growth - 45% for 9MFY18 and now form 13% of total exports in volume.

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Shares of Bajaj Auto ended down by 4.9 per cent at Rs 3,242.60 on the BSE.

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