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Bajaj Auto Q4 Profit Increases 21% To Rs 1,306 Crore; Announces Dividend
On Friday, Bajaj Auto reported a 20.90 percent jump in standalone profit to Rs 1,305.59 crore for the fourth quarter of 2018-19, from Rs 1,079.87 crore a year ago. The profits include a one-time gain of Rs 342 crore.
Its standalone revenue from operation rose by 8.94 percent to Rs 7,395.19 crore in the March quarter from Rs 6,788.42 crore in the same period last year.
The company's board has recommended a dividend of Rs 60 per share.
Revenues from operations for the quarter under review were at Rs 7,395 crore, which is 9 percent higher than Rs 6,788 crore a year ago.
Bajaj Auto sold 11,93,590 standalone units in March-2019 ended quarter as against 10,45,378 units in the same period of the previous year. It reported its highest-ever operating EBITDA (earnings before interest, tax, depreciation and amortization) for the quarter at Rs 5,387 crore with the EBITDA margin of 17.6 percent.
Shares of Bajaj Auto closed 3.54 percent higher at Rs 3,046.90 apiece.
