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Bajaj Auto Q1 Results: Net profit rises 42% on year to ₹1,664.77 crore
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Bajaj Auto Ltd on Tuesday reported an 42% year-on-year rise in its net profit for the fiscal's first quarter ended June (Q1FY24) to ₹1,664.77 crore. The company had reported a profit of ₹1,173.30 crore in the year-ago period.
Sequentially, consolidated net profit was rose 16% from ₹1,432.88 crore in Q4FY23. Bajaj Auto shares opened at ₹4,870.05 apiece on BSE.
The company's total revenue from operations rose nearly 29% on year to ₹10,309.77 crores during the quarter ended June from ₹8,004.97 crore in Q1FY23. Total income rose to ₹10,656.10 crore in the first quarter.
It stood at ₹8,324.29 crore in the year-ago period. (more to come)
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