Bajaj Auto net up 2 pc at Rs 741 cr in Sep qtr

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 motorcyclesfell 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)