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Bajaj Auto reports net increase of 4.67% for Q3

Bajaj Auto Ltd has posted 4.67 percent hike in the net profit to Rs 901.49 crore for the third quarter ended December 31, 2015-16.

The company had reported a net profit of Rs 861.24 crore during the October-December quarter of the previous fiscal.

It said in a BSE filing that the net sales during third quarter of the current fiscal were down 1.02 per cent at Rs 5,463.2 crore, as against Rs 5,520.01 crore in the year-ago quarter.

During the quarter, sales in terms of volumes decreased by 3.35 percent to 9,51,498 units as compared to 9,84,520 units sold in the same period last fiscal.

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