Epic Update : Bajaj Auto Q2 profit rises 13%

Bajaj Auto , India's second-largest motorcycle manufacturer by sales, reported a 13 percent rise in second-quarter profit, marginally beating analyst estimates, as a weaker rupee boosted export earnings.

Bajaj on Wednesday posted a net profit of 8.37 billion rupees for the three months to September 30 compared with 7.41 billion rupees in the same period a year earlier. Revenue rose 5 percent to 50.61 billion rupees.



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Posted in: Indian Market Tips