Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Bajaj Auto PAT rises 18% to Rs 1,942 crore in June quarter

PTI
Updated: July 16th, 2024, 15:02 IST
in Business
0
Pic - Justdial

Pic - Justdial

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Bajaj Auto Tuesday said its consolidated profit after tax increased 18 per cent to Rs 1,942 crore for the first quarter ended June 30, 2024, aided by robust sales across domestic and export markets.

The Pune-based automaker had reported a profit after tax of Rs 1,644 crore in the April-June quarter of last fiscal.

Also Read

Trump says trade deal with China ‘is done’, US to get rare earth minerals

21 hours ago
Pic-IANS

US, China reach agreement on trade‑dispute resolution framework

1 day ago

Total revenue from operations rose to Rs 11,932 crore for the first quarter as compared with Rs 10,312 crore in the year-ago period, Bajaj Auto said in a regulatory filing.

On a standalone basis, the company reported a PAT of Rs 1,988 crore, an increase of 19 per cent as compared with 1,665 crore in the same period of last fiscal.

Revenue from operations rose to Rs 11,928 crore as against Rs 10,310 crore in the June quarter of FY24.

The company said its total sales stood 11,02,056 units in the first quarter as against 10,27,407 units, an increase of 7 per cent.

It sold 6,90,621 units in the domestic market in the first quarter, an increase of 8 per cent over 6,41,556 units in the year-ago period.

Exports increased 7 per cent year on year at 4,11,435 units in the June quarter as compared with 3,85,851 units in the April-June quarter of last fiscal.

Bajaj Auto said profit was driven by better realisation and cost reduction which more than offset the drag from the growing electric two-wheeler business.

In the domestic market, the company saw sustained broad-based growth across the motorcycles, commercial vehicles and electric scooters portfolio.

In export markets, consistent growth and market share gains over time have led to LATAM (Latin America) emerging as the largest region in the first quarter, Bajaj Auto said.

The company said it has a surplus cash of Rs 16,764 crore, providing sufficient fuel for future growth investments.

Bajaj Auto said its board has approved the appointment of Sangita Reddy as an additional Director (Non-executive Independent Director) of the company for a term of five years with effect from July 16, 2024.

Shares of the company were trading 1.34 per cent up at Rs 9,805 apiece on the BSE.

PTI

Tags: AutomobileBajaj AutoBusinessprofit
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Pitabas Tripathy

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019

Archives

Editorial

Clash of Titans

June 11, 2025

The world is watching with bated breath the fierce showdown between the richest man on earth Elon Musk and the...

Read more

Basics of Diplomacy

Diplomacy
June 10, 2025

It is unfortunate that India has finally got an invitation to attend the G7 summit in Alberta, Canada, to be...

Read more

Manipur Again

Manipur
June 9, 2025

More than two years after violent ethnic strife erupted in Manipur that claimed the lives of hundreds of civilians and...

Read more

Doomsday Clock

Aakar Patel
June 8, 2025

The Doomsday Clock is a visual tool designed to warn the public about how close humans are to destroying our...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST