The company's net profit for the third quarter has exceeded expectations, primarily on the back of robust domestic sales, and higher margins on motorcycle and scooters, to offset the effects of declining exports.
The company's standalone net profit for the quarter stood at ₹1,491 crore, up 22.8% from a year ago at ₹1,214 crore. Bajaj Auto's operating revenue rose 3% to ₹9,315 crore during the quarter, compared to ₹9,022 crore in the year-ago quarter.
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