Bajaj Auto: Profit up 10 percent in the fourth quarter, 7 percent decline in earnings

Manufacturer of two wheelers and three wheelers Bajaj Auto (Bajaj Auto) today announced its quarterly results (q4 results) have been issued. According to the company, the standalone profit during the quarter (Profit) has seen an increase of 10 percent. And with this increase, it has reached the level of Rs 1,469 crore. Although there has been a decline in the earnings of the company, despite the decline in earnings, the increase in profits is due to the specific income of Rs 315 crore to the company. At the same time, profit for the whole financial year has increased by 10.2 percent to above Rs 5 thousand crore. Along with the results, the company has announced to give a dividend of Rs 140 per share to its investors.

what were the results

According to the company, the standalone profit in the March quarter grew by 10.3 per cent to Rs 1,469 crore as against Rs 1,332 crore in the corresponding quarter last year. Due to this there has been an increase of 21 percent in profit as compared to the previous quarter. The company’s income stood at Rs 1,214 crore in the December quarter. The increase in profit has been registered from the specific income of Rs 315.28 crore. The company has received this amount as an incentive from the Government of Maharashtra. At the same time, the company’s income declined by 7.2 percent to Rs 7,975 crore during the quarter as compared to the previous year. The company’s income stood at Rs 8,596 crore in the corresponding quarter of last year. At the same time, there has been a decline of more than 11 percent in income as compared to the December quarter. For the full financial year, the company’s profit has increased by 10.2 percent to the level of Rs 5,019 crore. At the same time, the income of the year is at the level of Rs 33,145 crore, with a jump of 19.5 percent compared to the previous year.

read this also

Declaration of dividend of Rs 140

The company has announced a dividend of Rs 140 per share to its investors. During the quarter, the company’s volume has come down to the level of 976,651 units. In the same quarter a year ago, the volume was at the level of 11,69,664 units. At the same time, the company sold 11,81,361 units of vehicles in the December quarter. The company’s CFO Dinesh Thapar said that the company is currently dealing with many problems related to the supply chain. This has had a negative impact on sales. Especially the impact has been more visible on the fourth quarter.