Bajaj Auto Ltd
The company reported continuing strong exports with average monthly volumes in excess of 2,19,000 units. In its quarterly earnings report released on Wednesday, the automaker said it exported a record 2.5 million units for the calendar year 2021.
The company’s net profit was down 7 percent at Rs 395.21 crore in Q3FY22 against Rs 425.38 crore in Q3FY21 and revenue was up at Rs 4,184.89 crore versus Rs 4,174.02 crore, QoQ.
The company’s officials will meet analysts and investors on January 20. The company also reported a 30 percent fall in consolidated net profit of Rs 39.56 crore in Q3FY22 versus Rs 56.49 crore in Q3FY21, and revenue was down 13 percent at Rs 628.08 crore against Rs 727.80 crore, QoQ.
The country’s largest private-sector non-life insurer ICICI Lombard General Insurance on Wednesday reported a modest 1.27 percent year-on-year increase in its profit after tax (PAT) in the quarter ended December 31, 2021. In its quarterly earnings report, the insurer reported a PAT of Rs 318 crore as against Rs 314 crore in the corresponding quarter the previous year.
The company appointed Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business Unit.