Bajaj Auto Q2 profit falls about 1 percent

Bajaj Auto Ltd, India`s fourth biggest automaker by market capitalisation, on Tuesday reported a 1 percent fall in quarterly profit, in line with analysts` expectations.

Net profit for the quarter ended Sept. 30 came in at 11.12 billion rupees ($171.33 million), compared with 11.23 billion rupees last year. (http://bit.ly/2yOaUTk)

Analysts, on average, had expected a profit of 11.11 billion rupees, according to Thomson Reuters data.

Total revenue from operations for the quarter rose about 2 percent to 65.66 billion rupees.($1 = 64.9050 rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)