Bajaj Auto Q3 Results: Bajaj Auto announced its October-December quarter results for fiscal 2023-24 (Q3FY24), reporting a rise of 37 per cent in standalone net profit at ₹2,042 crore, beating estimates by leading brokerage firms. The company’s robust earnings in the December quarter was on the back of high operating profit and strong volume growth.
The two and three-wheeler major’s net profit was expected to rise 33 per cent year-on-year (YoY) to ₹1,987 crore, according to estimates by D-Street analysts. Brokerages estimated that the revenue would be driven by volume growth, price hikes, and a better product mix in favour of premium vehicles.
