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Bajaj Auto Q3 consolidated PAT grows 30% YoY to Rs 1,716 crore

Two-wheeler major Bajaj Auto, on Thursday, reported consolidated net profit of Rs 1,716.26 crore for the October-December quarter of FY21 (Q3FY21), up 29.7 per cent, from a profit of Rs 1,322.4 crore in the year-ago period, primarily on the back of 9 per cent year-on-year (YoY) volume growth.
Sequentially, the profit surged 43.74 per cent from Rs 1,193.97 crore posted in the September quarter of FY21. The company's revenue grew 16.62 per cent YoY to Rs 8,909.88 crore, as against Rs 7,639.66 crore in Q3FY20.
Analysts at HDFC Securities had pegged revenue and profit for the quarter at Rs 7,246.7 crore and Rs 1,209.5 crore, respectively.
Standalone numbers
On a standalone basis, the net profit came in at Rs 1,556.3 crore, up 23.4 per cent on a YoY basis while revenue grew to Rs 8,910 crore. Both the figures were the company's highest-ever in a single quarter.

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