Bajaj Auto, one of the leading 2 and 3 wheeler makers, today reported a fall of 29.51% in net profit for the quarter ended Sep. 30, 2014. During the quarter, the net profit down to Rs 5.90 billion as compared to Rs 8.37 billion in the same period last year. Market was expecting profit to come at Rs 8.70 billion.
Total income has an increased 15.25% to Rs 59.63 billion, when compared with the same period last year.
Shares of the company gained Rs 58.85, or 2.5%, to settle at Rs 2,410.05. The total volume of shares traded was 53,185 at the BSE (Tuesday).