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Bajaj Auto Q2 profit rises 7% to Rs 1122cr on other income boost

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Bajaj Auto, sales

NEW DELHI: Bajaj Auto on Friday reported a 7.20 per cent YoY rise in consolidated net profit to Rs 1,200.72 crore for the quarter ended September 30. This was the highest ever profits the company reported so far.

The two-wheeler maker had reported a net profit of Rs 1,120.04 crore in the same quarter last year. The number came in higher than Rs 1,050 crore anticipated by analysts

Income for operations stood at Rs 6,327.12 crore for the quarter, compared with Rs 6,290.39 crore in the corresponding quarter last year.

Margins contracted 20 basis points to 21.4 per cent in Q2FY17 from 21.6 per cent in Q2FY16.

Sales volume degrew 2 per cent YoY to 10,31,945 units in Q2Fy17 from 10,56,596 units in the year-ago quarter.

The company had a cash and cash equivalents of Rs 11,398 crore at the end of September quarter against Rs 10,701 crore as of June 30.

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