Bajaj Auto Q4 profit grows 21% to Rs 1,306 crore; firm announces Rs 60 dividend

Bajaj Auto on Friday reported better-than-expected financial results for the quarter ended March 31. The two-wheeler maker posted 20.90 per cent year-on-year (YoY) rise in standalone profit at Rs 1,305.59 crore over Rs 1,079.87 crore in the same period last year.

Analysts in an ET NOW poll has projected a profit of Rs 1,050 crore.

Standalone revenue from operations jumped 8.94 per cent to Rs 7,395.19 crore from Rs 6,788.42 crore in the year-ago period.


The board of the company has recommended a dividend of Rs 60 per share.

Bajaj Auto sold 11,93,590 standalone units in March quarter against 10,45,378 units in the same period last year. The company reported its highest-ever operating Ebitda of Rs 5,387 crore with Ebitda margin of 17.6 per cent in March quarter.

Shares of Bajaj Auto jumped over 4 per cent to Rs 3,077.50 after the announcement of quarterly results.

As on March 31, cash surplus and cash equivalents stood at Rs 16,368 crore against Rs 15,542 crore on a yearly basis.

The company also reported a one-time gain of Rs 342 crore during the quarter under review.

On a consolidated basis, the auto firm posted 20 per cent rise in profit at Rs 1,408.49 crore over Rs 11,75.47 crore. Consolidated earnings include Bajaj Auto International Holding BV Amsterdam, Netherlands, PT Bajaj Auto Indonesia, Indonesia and KTM AG, Austria.