Bajaj Auto Q3FY08 Results

Bajaj Auto Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 3268.10 million for the quarter ended December 31, 2007 as compared to Rs 3451.90 million for the quarter ended December 31, 2006. Total Income has decreased from Rs 27291.80 million for the quarter ended December 31, 2006 to Rs 26803.50 million for the quarter ended December 31, 2007.

The Consolidated results are as follows:

The Group has posted a net profit of Rs 2738.20 million for the quarter ended December 31, 2007 as compared to Rs 3283.50 million for the quarter ended December 31, 2006. Net Sales & Income from operations has decreased from Rs 26960.30 million for the quarter ended December 31, 2006 to Rs 26332.60 million for the quarter ended December 31, 2007.

Bajaj Auto Q2 Results

Bajaj Auto Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net profit of Rs 3364.20 million for the quarter ended September 30, 2007 as compared to Rs 3175.90 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 25784.00 million for the quarter ended September 30, 2006 to Rs 25095.10 million for the quarter ended September 30, 2007.

The Consolidated results are as follows:

The Group has posted a net profit of Rs 3664.60 million for the quarter ended September 30, 2007 as compared to Rs 2867.70 million for the quarter ended September 30, 2006. Net Sales & Income from operations has increased from Rs 25388.60 million for the quarter ended September 30, 2006 to Rs 25833.40 million for the quarter ended September 30, 2007.

Sharekhan - Bajaj Auto, Nicholas Piramal

Sharekhan upgrades Bajaj Auto to BUY with a price target: Rs 2550

Sharekhan has a price target of Nicholas Piramal with a target price of Rs 326

HSBC - Bajaj Auto

HSBC has a NEUTRAL rating on Bajaj Auto with a target price of Rs 2420

They think Akurdi land can provide 100/share upside