Bajaj Auto Ltd has reported 13 per cent increase in its net profit for the second quarter ended September 30 at Rs 837.16 crore as against Rs 740.67 crore during the same period last year, boosted by export gains from rupee depreciation.
The company said its net sales during the quarter under review stood at Rs 5,061.49 crore as against Rs 4,817.07 crore in the same quarter last fiscal, up 5.07 per cent. Unit volume sales were, however, down by 8.37 per cent during Q2 of this fiscal to 9,61,330 units as against 10,49,208 units in year-ago period.
The company said its international business that account for 40 per cent of total revenue has helped. “Over the last five years, strategic initiatives taken to enter into difficult markets, like Africa, is yielding rich dividends. The benefits are now further enhanced with the depreciating rupee,” the company said.