The company had posted net profit of Rs 861.24 crore in the October-December quarter of the previous fiscal.

Net sales during the third quarter of the current fiscal were down 1.02 percent at Rs 5,463.2 crore, as against Rs 5,520.01 crore in the year-ago quarter, the company said in a BSE filing.

In terms of volume, sales during the quarter declined by 3.35 percent to 9,51,498 units as against 9,84,520 units sold in the same period last fiscal.

The company said its motorcycles during the period grew by 86 percent at 2,15,000 units.

Bajaj Auto stock was trading at Rs 2,318, down 1.26 percent, on BSE.

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