The Pune-based company, however, beat the analyst estimate of ₹1,359 crore compiled by Bloomberg.
Total revenue from operations, which grew by 12% y-o-y to ₹8,905 crore during the reporting quarter, also beat the estimate of ₹8,569 crore.
The results were announced after trading hours after the firm's stock closed flat on the BSE at ₹4,343.10.
The automaker's surprising performance comes on the back of a 12% decline y-o-y in total sales volumes to 855,050 units during the quarter. The decline was due to a crash in exports, which plummeted 41%, primarily due to the fall of the Nigerian market. Exports made up 40% of the total sales of Bajaj Auto during the quarter.
Bu hikaye Financial Express Mumbai dergisinin April 26, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 26, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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