Bajaj Auto Net Profit + Sales Decline

Bajaj Auto first quarter results are way below street expectations. The company reported net profit at Rs 226.47 crore in the first quarter of FY08 as against Rs 266.01 crore in corresponding quarter of previous year.

Bajaj Auto net sales also declined to Rs 2109.1 crore versus Rs 2202.66 crore in the same quarter of previous year.