On Thursday, Bajaj Auto declared a 20.48% or 711.06 crores (7.11 billion rupees or $160.1 million) leap in its net profits for the first quarter ending June 30 against net profit of 590.15 crores which was posted by the company for same quarter last year. According to the average of estimates, the market was expecting 7.52 billion rupees profit for the company.

Bajaj Auto traded down 2.31 per cent from its previous close on the BSE at Rs 1,415.60 per share at noon today.

Total sales of the company grew by 18% i. e. 928,336 units were sold in 2010 grew to 1,092,815 units in 2011, considering same period’s time span.

Sales in current year’s quarter stood at Rs. Rs 4,586.91 crores, as against Rs 3,737.29 crores for the same quarter last fiscal year. The two wheeler market was more influenced than the utility and other vehicle segments. Sales in motorcycles were increased to 963,051 units this year as compared to 828,391 units in first quarter of 2010 whereas commercial units sale was increased by 30% at 129,764 units when compared to the same quarter of 2010 at 99,918 units

Bajaj Auto is known for its brands in two wheeler segments which includes brands such as Pulsar, Discover, Platina and Avenger brands of motorcycles.