Bajaj Auto net profit almost flat at Rs 718 crore for the quarter ended in June, Total income marginally decreased by 4% to Rs 4,850 crore, Latest Stock Price

Bajaj Auto net profit almost flat at Rs 718 crore for the quarter ended in June, Total income marginally decreased by 4% to Rs 4,850 crore, Latest Stock Price

Bajaj Auto Ltd , India's second-largest motorcycle maker, reported flat net profit for the June quarter, but saw its shares jump as its profit margin weathered a slump in exports of its lucrative commercial vehicles.

Net sales rose 4 percent to 47.14 billion rupees. Analysts, on average, had expected profit of 7.91 billion rupees, according to data from Thomson Reuters I/B/E/S.

The company's operating margin for the quarter stood at 19.4 percent, up from 19.1 percent a year previously.

Bajaj, the world's biggest manufacturer of three-wheeled rickshaws used for passenger and goods transportation, said exports of the vehicles fell 41 percent in the quarter, hit by a tax hike in Sri Lanka and political instability in Egypt.

LATEST STOCK PRICE