<p>Bajaj Auto (BAL) on Saturday reported 2.05 per cent growth in its standalone net profit for the quarter ended September 30, 2012 at Rs 740.67 crore as compared with a net profit of Rs 725.80 crore in the comparable quarter last fiscal.<br /><br /></p>.<p>During the quarter under review, the company's net income dropped 4.11 per cent to Rs 4,972.40 crore from Rs 5,185.36 crore in the similar quarter a year ago, BAL said.<br /><br />In a statement issued to BSE, BAL said, “The quarter was a challenging quarter for the industry at large. The motorcycle industry, which witnessed a CAGR of 15 per cent over last four years, witnessed a decline of about 9 per cent in Q2 of FY13.” The operating margin slipped to 19.7 per cent during the quarter, down from 20.1 per cent a year earlier on account of decline in the domestic sales of its motorcycles which fell by 12 per cent, a larger fall than the overall market.</p>
<p>Bajaj Auto (BAL) on Saturday reported 2.05 per cent growth in its standalone net profit for the quarter ended September 30, 2012 at Rs 740.67 crore as compared with a net profit of Rs 725.80 crore in the comparable quarter last fiscal.<br /><br /></p>.<p>During the quarter under review, the company's net income dropped 4.11 per cent to Rs 4,972.40 crore from Rs 5,185.36 crore in the similar quarter a year ago, BAL said.<br /><br />In a statement issued to BSE, BAL said, “The quarter was a challenging quarter for the industry at large. The motorcycle industry, which witnessed a CAGR of 15 per cent over last four years, witnessed a decline of about 9 per cent in Q2 of FY13.” The operating margin slipped to 19.7 per cent during the quarter, down from 20.1 per cent a year earlier on account of decline in the domestic sales of its motorcycles which fell by 12 per cent, a larger fall than the overall market.</p>
