Bajaj Auto Q1 PAT rises 18% to 1,941.79 cr on double digit revenue growth

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Bajaj Auto Q1 PAT rises 18% to 1,941.79 cr on double digit revenue growth - Business Standard

Quick Summary:

The electric three-wheeler network expanded to 200 cities (from 60 cities in March), with an exit market share reaching 30 per cent.

Bloomberg analysts had estimated a revenue of Rs 11,812 crore and an Ebitda of Rs 2,363 crore with margins of 19 per cent.

The revenue from operations grew due to strong vehicle sales, record revenue from spares, and volume expansion across both domestic and export businesses.