Weak exports remain an overhang in the near term for Bajaj Auto

Strong realisations helped the company beat estimates in Q3

Ram Prasad Sahu | Mumbai
Last Updated at January 26, 2023 21:58 IST

The company indicated that sales in the commercial vehicle segment maintained their path of recovery to pre-Covid-19 levels.

Bajaj Auto’s operating performance for the December quarter of the 2022-23 financial year (Q3FY23) comfortably beat Street expectations. The largest listed two-wheeler maker by market capitalisation posted a 29 per cent increase in operating profit to Rs 1,777 crore, its highest till date, led by higher margins and an improved topline show.

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