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Bajaj Auto Limited (BAJAJ-AUTO.NS)
- Reuters
India's Bajaj Auto beats Q3 profit estimates on higher prices, domestic demand
India's Bajaj Auto reported a bigger-than-expected third-quarter profit on Wednesday, as strong domestic demand and an increase in prices of its motorcycles and scooters made up for weak exports. The company's profit increased nearly 23% to 14.91 billion rupees ($182.84 million) for the quarter ended Dec. 31. Analysts, on average, had expected a profit of 13.64 billion rupees, according to Refinitiv IBES data.
- Reuters
India's Bajaj Auto tops Q2 profit estimates on higher prices, domestic demand
India's Bajaj Auto reported a bigger-than-expected rise in second-quarter profit on Friday, benefiting from price increases and strong domestic demand for its motorcycles and autorickshaws. The company's profit increased 20% year-over-year to 15.30 billion Indian rupees ($186.20 million) in the quarter ended Sept. 30. The profit beat both analysts' expectations of 14.66 billion Indian rupees, according to IBES data from Refinitiv, as well as the 14.02 billion rupees Bajaj Auto earned in the September-quarter of 2019, before the pandemic.
