Mumbai May 18 (IANS) Two- and three- wheeler manufacturer Bajaj Auto on Thursday reported a decline of 15.48 per cent in its standalone net profit for the fourth quarter (Q4) of 2016-17.
According to the company its standalone net profit during the quarter under review declined to Rs 802 crore from Rs 949 crore in the corresponding period of 2015-16.
Bajaj Auto s total income for the fourth quarter decreased by 7.72 per cent to Rs 5 506 crore from Rs 5 967 crore earned during Q4 of FY16.
On a full financial year 2016-17 basis the company reported that its standalone net profit decreased by 2.59 per cent to Rs 3 828 crore from Rs 3 930 crore in 2015-16.
The company s standalone total income during the fiscal under review edged lower by 2.59 per cent to Rs 24 310 crore from Rs 24 957 crore.
--IANS
rv/dg
Bajaj Auto s standalone Q4 net profit down 15%
