Bajaj Auto, one of the leading 2 and 3 wheeler makers, today reported a fall of 4.76% in net profit for the quarter ended Dec. 31, 2014.
During the quarter, the net profit declined to Rs 8.61 billion as compared to Rs 9.04 billion in the same period last year. Market was expecting profit to come at Rs 8.50 billion.
Total income of the company increased by 7.45% to Rs 57.52 billion, when compared with the same period last year.
Shares of the company gained Rs 38.45, or 1.63%, to trade at Rs 2,402.10 at the BSE (1.36 p.m., Thursday).