The country's leading automobile company Bajaj has released the results of the second quarter of the current financial year. The company has informed in the exchange filing that its profits have increased. The company's profit has increased from Rs 1,836 crore to Rs 2,005 crore on an annual basis. The company's profit has been less than expected. The company's profit was estimated to be Rs 2228 crore.

Talking about the company's earnings, it has also increased. The company's earnings have increased from Rs 10,777 crore to Rs 13,127.5 crore on an annual basis. The company's earnings have been less than the estimates. The estimate for the company's earnings was Rs 13270 crore. Talking about EBITDA, it has increased from 2,133 crore to 2652.4 crore. The estimate for the company's EBITDA was Rs 2704 crore. The EBITDA margin has increased from 19.8% to 20.2% on an annual basis. The estimate for EBITDA margin was 20.4%. Stock Performance Talking about the stock performance of Bajaj Auto, it has given a return of 19.54 percent in 3 months, 128.83 percent in 1 year, 192.92 percent in 3 years. From January till now, it has given a return of 70.91 percent. Today on Wednesday the stock registered a jump of 0.88 percent. The stock closed at 11622.50 with a jump of 101 points. Investment of $ 10 million Along with the quarterly results, the company has given another big information to the exchange. The company informed that the company is preparing to make a big investment in its subsidiary Bajaj Brazil. The company will invest $ 10 million in Bajaj Brazil.