Boosted by strong sales in both domestic and overseas markets, Bajaj Auto on Wednesday reported an over four-fold jump in its standalone net profit for the fourth quarter ended March at Rs 528.65 crore, as against Rs 130.21 crore in the same year-ago period.
Total standalone income during the quarter stood at Rs 3,399.45 crore against Rs 1,883.41 crore in the corresponding period of the previous fiscal, which is a jump of 80.49 per cent.
The company also announced a dividend of 400 per cent at Rs 40 per share for the fiscal, as against 220 per cent it paid in the previous year.
In terms of sales volumes, Bajaj Auto Ltd said in the fourth quarter, its bike sales jumped by 90.63 per cent to 7,12,410 units, while its three-wheeler sales went up by 48.55 per cent to 96,304 units.
The stock was trading at Rs 2,123, down by Rs 1.10. The stock hit an intraday high of Rs 2,153 and low of Rs 2,085. — PTI