Bajaj Auto posts flat Q4 profit, misses estimates
May 15 2014 , Mumbai
Net profit was 7.64 billion rupees ($128 million) for the quarter ended March, compared with 7.66 billion rupees.
Net sales rose 4 percent to 48.23 billion rupees.
Analysts had on average expected the company to post a profit of 8.14 billion rupees on revenue of 48.78 billion rupees, according to Thomson Reuters I/B/E/S.
Bajaj Auto is India's second-largest motorcycle maker.