Bajaj Auto said on Wednesday that its consolidated Profit After Tax fell 31% year on year to 1,385 crore in the second quarter ended September 30, 2024.  The company declared a consolidated profit after tax (PAT) of Rs 2,020 crore in the July-September period of the previous fiscal.

Total operating revenue increased to Rs 13,247 crore in the second quarter, up from Rs 10,838 crore the previous year, according to a regulatory filing by Bajaj Auto. On a standalone basis, the company reported a PAT of Rs 2,005 crore, up 9 per cent as against 1,836 crore in the second quarter of last fiscal

Revenue from operations increased to Rs 13,127 crore from Rs 10,777 crore in the previous year. The company said it sold 1,221,504 devices in the second quarter, up 16 percent from 1,053,953 in the previous year.

The firm announced that its board has approved increased investment in the equity share capital of Bajaj Brazil, its wholly-owned subsidiary. The board approved a phased investment of up to $10 million. On the BSE, Bajaj Auto shares rose 0.85 percent to Rs 11,617.55.