Mumbai: Two- and three-wheeler major Bajaj Auto on Wednesday reported an exponential rise of 58% in its net profit for the second quarter of the current fiscal.

The company’s net profit for the second quarter of the current fiscal stood at Rs 933.06 crore [Tk 1115.78 crore] from Rs 590.90 crore registered during the corresponding period of last fiscal.

According to a regulatory filing with the Bombay Stock Exchange (BSE), the company’s total income grew by 2.25% in the quarter under review.

The company’s Q2 total income stood at Rs 6,097.78 crore from Rs 5,963.09 crore in the corresponding quarter of 2014-15.

Total sales for the quarter under review inched up marginally by 0.09% to 1,056,596 units from an off-take of 1,055,582 units during the second quarter of last year.

The company’s EBIDTA (earnings before interest, taxes, depreciation and amortisation) margin for the quarter improved to 22.1% from 20.8% in the like period of 2014-15.

For the first half (H1) of the current fiscal, the company reported a rise of 46.35% in its net profit which stood at Rs 1,947.86 crore from Rs 1,330.88 crore registered during the corresponding period of last fiscal.

Total sales for the first half gained by 1.25% at 2,069,625 units from 2,044,012 units sold during the like period of 2014-15.

The company’s H1 total income was higher by 4.42% and 11,711.27 units from 11,215.50 units sold during the like period of 2014-15.

The EBIDTA margin improved to 21.6% from 20.3% in H1 2014-15.

The company’s scrip at the BSE gained 3.46% to Rs 2,522.60 around 2.15 p.m. from Rs 2,438.30 per equity.

[Rs 1 = Tk 1.20]