New Delhi, Jan 28 (PTI) Bajaj Auto on Tuesday said its consolidated net profit increased by 8 per cent to Rs 2,196 crore for the third quarter ended December 31, 2024, on the back of robust exports.

The company had reported a net profit of Rs 2,033 crore in the October-December quarter of last fiscal.

Also Read | Shillong Teer Results Today, January 28 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

Total revenue from operations was at Rs 13,169 crore for the third quarter compared with Rs 12,165 crore in the year-ago period, Bajaj Auto said in a regulatory filing.

The company said it sold a total of 12,24,472 units in the third quarter, a 2 per cent increase over 12,00,997 units in the same period of last fiscal.

Also Read | Current Income Tax Rates and Slabs: All About Taxation System Under Old and New Regimes Amid Growing Anticipation of Tax Cuts in Union Budget 2025.

Sales in the domestic market declined 9 per cent year on year to Rs 7,07,105 units as against 7,78,281 units in the year-ago period.

Exports, however, rose 22 per cent year on year to 5,17,367 units from 4,22,716 units in the December quarter of last fiscal.

The company said it has a robust balance sheet with surplus funds of over Rs 15,001 crore after having infused capital of nearly Rs 1,600 crore in the financing subsidiary and executing a capex of Rs 450 crore in the year to date.

Shares of the company ended 0.49 per cent up at Rs 8,421.80 apiece on BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)