Bajaj Auto on Tuesday reported a marginal decline in consolidated net profit at Rs 1,163 crore for the June quarter as chip shortage impacted sales.

The Pune-based firm had posted a net profit of Rs 1,170 crore in the year-ago period.

Total revenue from operations rose to Rs 8,005 crore in the June quarter from Rs 7,386 crore in the same period a year ago, Bajaj Auto said in a regulatory filing. Total volumes declined 7 per cent to 9,33,646 units from 10,06,014 units during the same period.

L&T net up 44%

Engineering and construction conglomerate Larsen & Toubro (L&T) on Tuesday said its consolidated net profit increased 44.9 per cent to Rs 1,702.07 crore in the June quarter because of higher revenue from operations. The company had posted a consolidated net profit of Rs 1,174.44 crore in the year-ago period.The consolidated revenue from operations increased to Rs 35,853.20 crore from Rs 29,334.73 crore in the year-ago period, the filing said.

Asian Paints

Asian Paints on Tuesday reported an 80.39 per cent increase in its consolidated net profit to Rs 1,036.03 crore for the first quarter ended June 30 as the business grew both in volume and value terms.

The company had posted a net profit of Rs 574.30 crore a year ago. Revenue from operations was up 55 per cent at Rs 8,578.88 crore against Rs 5,534.87 crore in the corresponding period of the previous fiscal.

EIH Hotels in black

Oberoi group firm EIH Associated Hotels on Tuesday reported a profit after tax of Rs 5.68 crore in the first quarter ended June 30 against a loss after tax of Rs 9.78 crore in the same period of the previous fiscal. Revenue stood at Rs 60.1 crore against Rs 12.74 crore a year ago.

Union Bank PAT up

Union Bank of India Tuesday reported a 32 per cent rise in its standalone profit after tax (PAT) at Rs 1,558 crore for the June quarter on higher net interest income and improvement in asset quality

The lender had reported a standalone PAT of Rs 1,181 crore a year ago.