Bajaj Auto Q3 net up 5% at Rs 901 crore

Two-wheeler major Bajaj Auto reported a 5% growth in net profit at Rs 901 crore for the quarter ended December 2015. It was Rs 861 crore in the same period a year ago.

However, sales declined 2% to Rs 5,564 crore as against Rs 5,657 crore in December 2014.

The margins were at 21% as compared to 21.6% a year ago.

The company said that exports to Egypt and Nigeria were impacted the most during the quarter.

At 1400 hours, the company's stock on BSE was trading 1.4% lower at Rs 2,314 apiece.