Bajaj Auto has recorded its finest quarter ever with a 101% augmentation in net profit, with a 68% intensified in earnings and a 70% hike in sales during the first quarter of FY 11. The quarter witnessed that Bajaj recorded an EBITDA margin of 20%, which the group expressed was the finest in the industry.

The group has rushed market share from Hero Honda and has amplified its share by 8% from 25% in the Q1 FY10 to 33% in the recent quarter. The board has also permitted a 1:1 bonus issue of shares on Thursday.

The MD, Rajiv Bajaj, of the group company is poised of handling this impetus and that the balance quarters shall be better than the first one. It is poised of completing the aim of vending four million units at an EBITDA margin of
20% placed for this year.

Further the Chairman Rahul Bajaj expressed that he is poised that the group shall churn out a surplus of Rs 2,000 crore by vending the four million vehicles this year.

Bajaj's turnover reached up by Rs 3,972 crore from Rs 2,362 crore however the net profit remains at Rs 590 crore, soaring up from Rs 293 crore in the year-before period.

The group has almost twofold its other income to Rs 152.77 crore from Rs 79.48 crore. Profit from its maneuver went up by 77%, from Rs 422 crore to Rs 745 crore.