Bajaj Auto's Remarkable Q4 Surge: Profit Skyrockets by 93.81%

Bajaj Auto Ltd experienced a significant rise in its shares, gaining nearly 3%, following an outstanding 93.81% leap in consolidated profit after tax for the fourth quarter ending March 31.

This surge, driven by record-breaking sales volumes and beneficial foreign exchange conditions, saw the stock peak at a 52-week high during intra-day trade.

The company reported a revenue increase to Rs 17,832.46 crore, attributed to an improved product mix and heightened vehicle sales, up 24% over the previous year.

(With inputs from agencies.)