Share price of Bajaj Corp fell over 4 per cent on Wednesday after the company reported its standalone results for the quarter ended September 2015.
The company posted net profit of Rs 46.78 crore, up 24.96 per cent, against Rs 37.44 crore in the corresponding quarter a year ago. Net profit of the company fell 1.55 per cent on quarter on quarter basis.
The share price of the company closed 4.50 per cent down at Rs 442.85. Sensex closed 0.38 per cent up at 27,035.
Net sales of the company grew 10.68 per cent YoY to Rs 207.64 crore for the quarter ended September 2015. However, net sales fell 4.91 per cent on QoQ basis.