NEW DELHI, Oct 20: Bajaj Auto, the country’s second-largest two wheeler maker, today reported a marginal increase of 2 per cent in its net profit for the quarter ending September 30, 2012 at Rs 741 crore.
The company had reported a net profit of Rs 726 crore in the same period last year.
However, Bajaj’s operating margin, the best in the industry, slipped to 19.7 per cent during the reported quarter, down from 20.1 per cent a year earlier, as domestic sales of its motorcycles
fell 12 per cent, a larger fall than the overall market.
“The quarter was a challenging quarter for the industry at large,” the company said in a statement on Saturday.
Net sales of the company fell 3.5 per cent to Rs 4,817 crore.
(UNI)
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