Bajaj Auto Q4 sales at Rs 3290 cr

Bajaj Auto has announced its quarterly results for the fourth quarter of the financial year 2011. The company clocked revenues of Rs 4200 crore and net profit of Rs 1400 crore. The bottomline was boosted by exceptional gain of Rs 827 crore including provision for diminution in Bajaj Auto Indonesia of Rs 103 crore.

In the same quarter of previous year, company registered sales of Rs 3290 crore and profit of Rs 529 crore. The results were in line with estimates. The stock was trading flat after no surprises from its quarterly results.

EBITDA margins declined 240 bps at 20.5% versus 22.9%, year-on-year.

Source: www.moneycontrol.com

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