Final Up to date: January 25, 2023, 19:01 IST
Bajaj Auto on Wednesday stated its consolidated internet revenue elevated 3 per cent to Rs 1,473 crore within the third quarter ended December 31, 2022, aided by gross sales progress within the home market. The Pune-based firm had reported a internet revenue of Rs 1,430 crore for October-December interval a 12 months in the past.
Complete income from operations rose to Rs 9,319 crore within the quarter below overview, from Rs 9,022 crore within the year-ago interval. The corporate stated its complete gross sales throughout home and export markets stood at 9,83,276 models within the third quarter as in contrast with 11,81,361 models in the identical interval final fiscal, a dip of 17 per cent.
Within the home market, the corporate reported gross sales of 5,44,188 models, up 4 per cent from 5,23,299 models within the year-ago interval.
Exports, nonetheless dropped 33 per cent to 4,39,088 models as towards 6,58,062 models in October-December interval of final fiscal.
“On exports, macro-economic challenges proceed to subdue trade volumes throughout abroad geographies. Whereas the corporate continues to navigate this example by way of decisive actions, market share stays steady and the resilient efficiency within the ASEAN is assuaging partly, the drop in volumes throughout different areas,” Bajaj Auto stated.
The stability sheet continues to be wholesome with surplus money of Rs 14,894 crore as December 31, 2022, offering the capability for progress investments, it added.
Shares of the corporate on Wednesday ended 0.87 per cent up at Rs 3,717.40 apiece on the BSE.
Learn all of the Newest Enterprise Information right here
(This story has not been edited by News18 workers and is revealed from a syndicated information company feed)