RPT-India's Bajaj Auto Q1 net flat, below f'cast

Newswire

(Repeating story that initially ran on Saturday) NEW DELHI, July 29 (Reuters) - India's top scooter maker, Bajaj Auto Ltd , reported on Saturday a flat net profit in the April-June quarter from the year-ago period, falling short of analyst expectations. Before extraordinary income, net profit was up 61 percent. Bajaj's net profit in the year-ago quarter was boosted by a 450-million-rupee premium income from an insurance subsidiary. Bajaj, based in the western city of Pune, said in a ...

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