Results were marginally ahead of estimates on better margins due to tight control on costs. PAT beat was boosted by higher other income on account of mark-to-market of fixed maturity products because of fall in interest rates. Management believes that festive season is muted with single-digit growth for the motorcycle industry.

It expects H2 to be better for Bajaj than H1 because of new launches (Pulsar, VS400 and V cousin). On 3W, it expects to meet its target in the domestic market and continue outgrowing the industry on entry into the cargo space. Whilst not explicitly stated, management commentary seemed to suggest exports to Africa now are a medium-term issue.

Bajaj Auto released its sales figures for the month of October on Wednesday. In the month, the two-wheeler maker's domestic motorcycle sales were up 5%, however, exports fell 11%. Its total sales (commercial vehicles and motorcycle sales) grew on 1% compared to the same period last year.

According to the data released in a statement to the BSE, Bajaj Auto sold 2,12,997 units of its motorcycles in the domestic market in October, compared to the 2,02,042 units sold in the same period last year, a growth of 5%.

New Delhi: Bajaj Auto Ltd on Friday reported 7.2% increase in consolidated net profit at Rs1,200.72 crore for the second quarter ended 30 September. The company had posted a consolidated net profit of Rs1,120.04 crore in the same quarter of last fiscal.

Total income from operations during the quarter under review was marginally up at Rs6,432.32 crore as against Rs6,407.54 crore. Unit volume sales during the quarter were at 10,31,945 units as against 10,56,596 units in the year-ago period, down 2.33 per cent.

Bajaj Auto reported a 2% decline in total sales in September at 3,76,765 units as against 3,84,400 in the same month last year.

Motorcycle sales during the month went up by 1% to 3,31,976 units as against 3,30,228 in September last year, the company said in a BSE filing.

Bajaj Auto workers at Chakan and Akurdi will go on a one-day hunger strike on Sunday, October 2, to to demand faster settlement of the wage issue and reinstatement of eight dismissed workers after the previous round of wage negotiations.

Vishwa Kalayan Kamgar Sanghatana, the union of workers in Bajaj Auto Limited’s Chakan and Akurdi plants, said in a press release that wage agreement talks for April 2016 to March 2019 period have been going on for the last six months and negotiations for the new agreement have not been successful.

Bajaj Auto on Friday reported a five per cent decline in its total sales at 3,25,347 units in August as against 3,41,965 in the same month a year ago.

Motorcycle sales during the month fell by four per cent to 2,79,911 units as against 2,90,436 units in August last year, the company said in a BSE filing.

Bajaj Auto shares were trading marginally in red in morning trade on Wednesday as the auto major is scheduled to announce its first quarterly results today. According to Karvy Stock Broking, Bajaj Auto will report 8.8 per cent fall in net profit figures at Rs 922.10 crore for the quarter ended June 30, 2016 against Rs 1,011.60 crore in the corresponding quarter a year ago. According to the brokerage house, Bajaj Auto may report 1.8 per cent year-on-year (yoy) growth in net sales figures.

Bajaj Auto today reported 4% decline in total sales in June at 3,16,969 units against 3,31,317 in the same month of 2015.

Motorcycle sales during the month fell 5% to 2,73,298 units from 2,87,582 in June last year, the company said in a BSE filing.

Scarcity of US dollars in a majority of the African nations is likely to have an impact on some of the top Indian companies who have a significant business presence in the continent.

The list of affected firms include Bharti Airtel Ltd, Bajaj Auto Ltd, Hero MotoCorp Ltd, Godrej Consumer Products Ltd and Dabur India Ltd.

Infosys, Asian Paints, Bajaj Auto, Hero MotoCorp, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and Zee Entertainment Enterprises are eight stocks from the Nifty 50 index touching their respective 52-week highs on the National Stock Exchange (NSE) in intra-day trade today.

Of these, five stocks - Infosys, Asian Paints, IndusInd Bank, Kotak Mahindra Bank and Yes Bank are quoting at their lifetime highs on the NSE.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.