Bajaj Auto posted better-than-expected earnings for the March quarter over the year-ago period, as strong export volumes of motorcycles and a favourable exchange rate helped offset the decline in the domestic market. Profit before tax (PBT) contracted 8.2 per cent, while revenue from operations shrunk 8 per cent over the corresponding quarter last year. Net profit remained flat.
The maker of Pulsar and Discover models recorded a decrease in revenue from operations to Rs 6,816 crore, from Rs 7,421 crore last year, while PBT declined to Rs 1,721 crore from Rs 1,876 crore.
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