Login

Bajaj Reports Consolidated Net Profit Of Rs 1,472.7 Crore In Q3 FY2023

Company posted a growth of about 3 per cent in consolidated net profit over the same period in FY2022.
Calendar-icon

By Carandbike Team

clock-icon

1 mins read

Calendar-icon

Published on January 25, 2023

Follow us on

google-news-iconWhatsapp-icon
Story

Highlights

  • Consolidated net profit up 3 per cent in Q3
  • Cumulative consolidated net profits in FY2023 decline
  • Bajaj reports standalone net profit of Rs 1,491.42 crore in Q3

Bajaj Auto has shared its consolidated financial results for the third quarter of FY 2023 reporting a net profit after tax of Rs 1,472.70 crore during the October to December 2022 period. This marked a 3 per cent growth over Q3 FY 2022 where the manufacturer had reported profits of 1,429.68 crore.

Total revenue from operations for the quarter stood at 9,318.54 crore, up from Rs 9,021.65 crore while total expenses declined. Total expenses for quarter stood at Rs 7,644.55 crore, down from Rs 7,722.21 crore.

Cumulative figures for the nine-month period from April to December 2022 were more subdued with net profits declining about 6 per cent. Cumulative net profits for three quarters of FY2023 stood at Rs 4,355.47 crore as against Rs 4,639.71 crore in FY2022. Cumulative revenue from operations from the three quarters stood at Rs 27,526.15 crore – up year-on-year – though the company reported higher total expenses as compared to FY2022.

Moving to standalone figures, Bajaj reported a net profit of Rs 1,491.42 crore in Q3 FY2022 as compared to Rs 1,214.19 crore in the same period in the previous year. Standalone profits in the nine-month period ending December 2022 too were up 18 per cent year on year. The company ended the third quarter of the financial year with a cumulative net profit of Rs 4,194.72 crore as against Rs 3,549.92 crore in the previous financial year.

Calendar-icon

Last Updated on January 25, 2023


Stay updated with automotive news and reviews right at your fingertips through carandbike.com's WhatsApp Channel.

Great Deals on Used Cars

View All Used Cars

Popular Bajaj Models

Explore More