Bajaj Auto Q2 net up marginally

Bajaj Auto, major Indian vehicle manufacturer reported a marginal rise in its net profits for Q2 FY12. It's profit after tax rose by just 6% to Rs 726 crore.

It's PAT stood at Rs 682 crore corresponding quarter previous year.

Company's revenues rose by 21% from Rs 4,426 crore a year ago to Rs 5,342 crore for the quarter ended September 30.

It's operating EBITDA grew by 18% to Rs 1,057 crore.

The company entered into several forward contracts to protect its future export realization and incurred losses of worth Rs 95 crore during such hedge.

However, the company has mentioned in the statement to BSE that these are purely notional loss which would get reversed on maturity of the underlying contracts.

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