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Home / Business / Bajaj Auto profit falls 21%

Bajaj Auto profit falls 21%

The two-wheeler major had posted a net profit of Rs 1,523.31 crore in the same period of the previous fiscal

PTI   |   New Delhi   |   Published 23.10.20, 12:21 AM

Bajaj Auto on Thursday said its consolidated net profit declined 21.62 per cent to Rs 1,193.97 crore for the September quarter .

The two-wheeler major had posted a net profit of Rs 1,523.31 crore in the same period of the previous fiscal.

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The company’s revenue from operations declined to Rs 7,155.86 crore during the period under review compared with Rs 7,707.32 crore in the year-ago period, Bajaj Auto said in a regulatory filing.

Indian Bank

State-run Indian Bank on Thursday reported a standalone profit after tax of Rs 412 crore in the quarter ended September, helped mainly by fee income, treasury profits and lower bad loans.

The bank amalgamated Allahabad Bank with itself with effect from April 1, 2020. In the year-ago quarter, the amalgamated entity had reported a net loss of Rs 1,755 crore.

The pre-amalgamated profit of the bank in July-September quarter of 2019-20 stood at Rs 358.56 crore.

Uco Bank

State-owned Uco Bank on Thursday reported a second-quarter net profit of Rs 30.12 crore. The bank had posted a

net loss of Rs 891.98 crore during the corresponding quarter of the previous financial year.

Sequentially, the profit during the second quarter of 2020-21 was higher from Rs 21.46 crore in the first quarter ended June 2020.

Total income was down at Rs 4,326.14 crore during the reporting quarter from Rs 4,533.51 crore a year ago.



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