Bajaj Auto Q3 Results : Bajaj Auto Ltd has announced an impressive 37 percent year-on-year (YoY) surge in net profit for the third quarter of FY24, reaching Rs 2,041.88 crore. This exceptional performance is attributed to the strong sales of its two-wheelers, strategic price hikes, and increased realizations amid sustained demand. In comparison, the Profit After Tax (PAT) for the same period last year stood at Rs 1,491.42 crore.
Revenue Growth and Positive Product Mix
Aiding the positive financial results is a better product mix favoring premium vehicles, resulting in a higher average selling price (ASP). The Pune-based automaker witnessed a 30 percent YoY increase in revenue, reaching Rs 12,113.51 crore during October-December 2023, compared to Rs 9,315 crore in Q3FY23.