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Bajaj Auto rides high on reporting 41% rise in Q1 consolidated net profit
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Bajaj Auto is currently trading at Rs. 4873.95, up by 30.70 points or 0.63% from its previous closing of Rs. 4843.25 on the BSE.
The scrip opened at Rs. 4874.00 and has touched a high and low of Rs. 4900.35 and Rs. 4842.70 respectively. So far 6833 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4988.55 on 13-Jul-2023 and a 52 week low of Rs. 3462.05 on 30-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4919.05 and Rs. 4778.10 respectively. The current market cap of the company is Rs. 138346.34 crore.
The promoters holding in the company stood at 54.99%, while Institutions and Non-Institutions held 23.30% and 21.72% respectively.
Bajaj Auto has reported results for first quarter ended June 30, 2023 (Q1FY24). The company has reported 41.89% rise in its net profit at Rs 1664.77 crore for the quarter under review as compared to Rs 1173.30 crore for the same quarter in the previous year. Total income of the company increased by 28.01% at Rs 10656.10 crore for Q1FY24 as compared Rs 8324.29 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 41.33% rise in net profit at Rs 1644.14 crore for the quarter ended June 30, 2023 as compared to Rs 1163.33 crore for the same quarter in the previous year. Total income of the company increased by 28.09% at Rs 10663.01 crore for Q1FY24 as compared Rs 8324.54 crore for the corresponding quarter previous year.
