Bajaj Auto reports net profit decline of 19% Y-o-Y in Q2 FY21

Bajaj Auto – the auto major registered 18.84% Y-o-Y drop in net profit at INR 1,138.20 crore for the quarter ended September 30 against 1,402.42 crore profit for the corresponding quarter last year. The company’s total revenue from operations declined 7.16% Y-o-Y to INR 7, 155.86 crore in Q2 FY21 as against INR 7,707 crore in the same period last year. Meanwhile, the EBITDA margin rose to 18.2% as against 16.9% earlier.