Bajaj Auto Q1 net profit up 10.57% at Rs 1173.30 cr
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The company reported standalone net profit of Rs 1,173.30 crore for the quarter ended June 30, 2022 as compared to Rs 1061.18 crore in the same period last year, registering a year-on-year growth of 10.57 per cent. Net revenue of the company rose moderately by 7.65 per cent at Rs 7,768.89 crore in April-June quarter of this fiscal as against Rs 7,216.57 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 7.05 per cent to Rs 6,707.95 crore from Rs 6,266.26 crore in year ago period. Other Income dipped by 3.03 per cent at Rs 319.32 crore versus (Jun'21 Rs 329.30 crore). Operating Profit surged by 15.83 per cent to Rs 1,297.02 crore as against Rs 1,119.78 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.60 per cent in June quarter. Interest grew by 89.52 per cent y-o-y to Rs 4.34 crore, while Taxation increased by 15.50 per cent at Rs 371.37 crore (Jun'21 Rs 321.54 crore).
