Friday, May 24 2024 | Time 12:51 Hrs(IST)
Business Economy

Bajaj Auto net profit at Rs 1936 cr in Q4; clocks all-time high revenue in FY24

New Delhi, Apr 18 (UNI) Two wheeler auto major Bajaj Auto on Thursday announced 29 percent jump in its revenue in Q4 (January-March) at 11,485 crore, led by the broad based buoyancy that was sustained on the domestic business and aided by steady exports.
Net profit stood at Rs 1,936 crore up 35 per cent year-on-year basis, the company said in a regulatory filing with the stock market.
For the full year (2023-24), the company has managed to clock an all-time high revenue of Rs 44,685 crores, up 23 percent from the previous year, arising from the record sales of both vehicles and spares.
“The consistent growth across all quarters reflected the resilient business model, where a strong domestic performance more than made up for muted exports which continued to be impacted by the challenging context in overseas markets,” the company said.
Net profit also hit the peak at Rs 7,479 crore. The Board of Directors have recommended a Final Dividend of Rs 80 per share, totalling to Rs 2,233 crores outgo.
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