​​​
  1. India’s Bajaj Auto posts 16% drop in March-quarter profit, misses estimates

India’s Bajaj Auto posts 16% drop in March-quarter profit, misses estimates

India's Bajaj Auto Ltd posted a 16 percent fall in March-quarter net profit, missing estimates, as a rise in input material cost and expenses on transition to BS-IV compliant vehicles hurt margins.

By: | Updated: May 18, 2017 2:44 PM
Net profit was 8.02 billion rupees (4.50 million) in the quarter ended March 31, compared with 9.49 billion rupees a year earlier.

India’s Bajaj Auto Ltd posted a 16 percent fall in March-quarter net profit, missing estimates, as a rise in input material cost and expenses on transition to BS-IV compliant vehicles hurt margins.

Net profit was 8.02 billion rupees ($124.50 million) in the quarter ended March 31, compared with 9.49 billion rupees a year earlier.

Analysts on average had expected a net profit of 8.55 billion rupees, according to Thomson Reuters data.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

  1. No Comments.

Go to Top