Bajaj Auto quarterly earnings decline 13.44%
Source: IRIS | 18 May, 2017, 03.29PM
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| Rating: NAN / 5 stars. |
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Bajaj Auto disclosed a sharp drop in consolidated net profit for the quarter ended March 2017. During the quarter, the profit of the company declined 13.44% to Rs 8,622.50 million from Rs 9,961.70 million in the same quarter previous year. Revenues for the quarter declined 7.72% to Rs 55,065.70 million, compared with Rs 59,671.30 million for the prior year period. Earnings per share for the quarter stood at Rs 29.80, registering 13.37% decline over previous year period. | Quarterly Results - Consolidated (Rs in mn) | | As at | Mar - 17 | Mar - 16 | %Change | | Revenues | 55,065.70 | 59,671.30 | (7.72) | | Net Profit | 8,622.50 | 9,961.70 | (13.44) | | Diluted EPS | 29.80 | 34.40 | (13.37) |
Shares of the company declined Rs 62.6, or 2.06%, to trade at Rs 2,970.00. The total volume of shares traded was 44,590 at the BSE (3.21 p.m., Thursday).
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