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Last Updated : May 17, 2019 03:23 PM IST | Source: Moneycontrol.com

Bajaj Auto Q4 profit jumps 20% at Rs 1,305 crore, recommends dividend at Rs 60/s

A dividend at the rate of Rs 60 per share (600 percent of face value of Rs 10 each) has been recommended by the board of directors for the financial year ended 31 March 2019.

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Two-wheelers major Bajaj Auto has reported a 20 percent jump in its fourth quarter standalone net profit (Q4FY19) at Rs 1,305.6 crore on the back of one-time gain of Rs 342 crore on reversal of duty paid from 2007-2014.

The company had reported net profit of Rs 1,079.87 crore in the corresponding quarter last year.

Revenue of the company jumped 9 percent at Rs 7,395 crore, against Rs 6,788.42 crore in the year-ago period.

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Operating profit or Earnings before interest, tax, depreciation and amortization (EBITDA) rose 12.6 percent at Rs 1162 crore, while margin was down 390 bps at 15.7 percent.

A dividend at the rate of Rs 60 per share (600 percent of face value of Rs 10 each) has been recommended by the board of directors for the financial year ended 31 March 2019.

At 14:51 hrs Bajaj Auto was quoting at Rs 3,141.00, up Rs 196.35, or 6.67 percent.

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First Published on May 17, 2019 03:23 pm
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