Bajaj Auto, one of the leading 2 and 3 wheeler makers, witnessed a jump in share prices on Thursday after the company announced better-than-expected quarterly results. It reported a fall of 18.61% in net profit for the quarter ended Mar. 31, 2015. During the quarter, the net profit declined to Rs 6.21 billion as compared to Rs 7.63 billion in the same period last year.

Total revenues for the quarter decreased 4.36% to Rs 48.94 billion, when compared with the same period last year. 

''Bajaj Auto reported decent Q4FY15 results with revenue for the quarter declining by 4% yoy better than our estimates though primarily due to higher realization. Overall Profit for the quarter were marginally ahead of our estimates,'' said Reliance Securities.

Angel Broking said, ''Bajaj Auto fourth quarter results were ahead of our estimates due to better operating performance.''
 
Reliance Securities said, "We have consistently remained on side lines as far as Bajaj Auto is concerned and as per our judgment the company reported a decent quarter. We do note the company might have surpassed several of headwinds and with revamping of its pulsar portfolio and improving exports outlook could mean better year ahead for the company."

Shares of the company closed at Rs 2,299.75, up Rs 149.25, or 6.94% at the Bombay Stock Exchange (BSE) on Thursday. Total volume of shares traded on the bourses today was higher by 568.38% to 2,919,190 compared with 22-day average volume of 436,757.