Bajaj Auto on Friday reported a strong second quarter performance, with standalone net profit rising 24% year-on-year to Rs 2,480 crore for the July-September period, on the back of higher exports and a more premium product mix. The performance slightly exceeded market expectations, with Bloomberg consensus estimate pegging profit at Rs 2,440 crore.

Standalone revenue from operations increased 14% to Rs 14,922 crore, compared with Rs 13,127 crore a year earlier, on the back of stronger realisations and record spares sales. Ebitda crossed the Rs 3,000 crore milestone for the first time, rising 15% year-on-year to about Rs 3,052 crore, while margins improved to 20.5% from 20.2% during the same period last year.

Exports continued to be a crucial driver, accounting for just over 40% of vo

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