India's Bajaj Auto reported a smaller-than-expected rise in third-quarter profit on Tuesday, hurt by lower domestic sales of its motorcycles and three-wheelers, while higher sales of its margin-diluting electric scooters also weighed.

Exports showed a notable recovery, with volumes surpassing 500,000 units for the first time in nine quarters, reflecting a broad-based improvement across markets.

Bajaj Auto has posted a 3.3% year-on-year (YoY) growth in its net profit for the third quarter ending December 31, 2024. The company's net profit increased to ₹2,108.7 crore from ₹2,042 crore in the corresponding period last fiscal year.

The company said it sold a total of 12,24,472 units in the third quarter, a 2 per cent increase over 12,00,997 units in the same period of last fiscal.

The auto major reported 8 percent on-year growth in both topline and bottomline, with net profit at Rs 2,196 crore.

Results: Pune-based two-wheeler major Bajaj Auto Ltd on Tuesday reported an XX% year-on-year surge in its consolidated net profit (attributable to owners of the company) for the fiscal's third quarter ended December (Q3FY25) to ₹XX crore.