New Delhi, Jan. 19: Two-wheeler major Bajaj Auto today posted a 40.4 per cent jump in its net profit at Rs 667.11 crore in the quarter ended December 31, 2010 against Rs 475.14 crore in the same period last fiscal.

Net sales jumped 27 per cent to Rs 4,028.18 crore from Rs 3,165.84 crore in the corresponding quarter last fiscal.

“The quarter witnessed an all-round increase in input cost. In this challenging environment, the company’s focus on high-end motorcycles enabled it to maintain record high margins on excess of 20 per cent,” the firm said.

High-end motorcycles contributed over 70 per cent to sales.

HCL Tech

HCL Technologies has registered a 34.2 per cent jump in its net profit at Rs 399.70 crore in the third quarter.

The company had posted a net income of Rs 297.7 crore in the same quarter last fiscal.

The better-than-expected results came on the back of a strong demand for IT services in the financial and travel sectors.

“The dynamic demand environment necessitates a sharp focus on innovation and tangible value generation for customers. Our focus on innovation and transformational deals have helped us post good results,” HCL Technologies vice-chairman and CEO Vineet Nayar said.

The HCL scrip today closed at Rs 507.90, up 3.97 per cent on the Bombay Stock Exchange.