Bajaj Auto Q2 Results: Bajaj Auto's consolidated net profit for the second quarter of the current financial year on September 30, 2024, declined by 31 percent to Rs 1,385 crore. The company had earned a net profit of Rs 2,020 crore in the July-September quarter of the previous financial year. Bajaj Auto said in a regulatory filing that its total operating income during the quarter increased to Rs 13,247 crore from Rs 10,838 crore in the same period a year ago. On a standalone basis, the company reported a net profit of Rs 2,005 crore, up nine percent from Rs 1,836 crore in the second quarter of the previous financial year.

Increased earnings

On a standalone basis, the company's operating income during the quarter rose to Rs 13,127 crore from Rs 10,777 crore in the same quarter a year ago. The company said it sold 12,21,504 units of vehicles in the second quarter, up 16 percent from 10,53,953 units in the same quarter a year ago.

Additional investment approved

The company said that its board of directors has approved additional investment in the equity share capital of Bajaj Brazil, a wholly-owned subsidiary of the company. The board has approved an investment of up to $10 million in a phased manner.