2025-01-28 06:13:07 pm | Source: Reuters
India`s Bajaj Auto`s Q3 profit misses view on weak domestic sales
India's Bajaj Auto reported a smaller-than-expected rise in third-quarter profit on Tuesday, hurt by lower domestic sales of its motorcycles and three-wheelers, while higher sales of its margin-diluting electric scooters also weighed.
The 'Pulsar' motorcycle manufacturer reported a profit of 21.09 billion rupees (around $244 million) for the October-December quarter, missing analysts' expectations of 21.63 billion rupees, according to data compiled by LSEG.
($1 = 86.5320 Indian rupees)
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