Shares of Bajaj Auto, a 2/3 wheelers manufacturer, rose by nearly 2% to Rs. 4,649 on Thursday’s BSE trade as the company’s May 2023 total sales rose by 29% YoY to 3,55,148 units. However, exports were down by 23% at 1,26,747 units YoY. In Q4 FY23, the company’s standalone net profit fell by 2% YoY to Rs. 1,433 crore, while its revenue from operations increased by 12% to Rs. 8,905 crore. The company’s domestic motorcycle sales continued to do well, buoyed by the strong performance of the Pulsar portfolio and Platina 110 ABS volumes.
