Bajaj Auto Q4 net rises 2%, firm flags input costs

Bajaj Auto Ltd. reported a 2% rise in standalone internet revenue to ₹1,332 crore for the fourth quarter. Turnover grew 21% to ₹eight,880 crore. Income from operations elevated 26% to ₹eight,596 crore.For the monetary 12 months ended March 31 the corporate reported a 11% decline in internet revenue to ₹four,555 crorewhile income from operations dipped 7% to ₹27,741 crore.“Full 12 months numbers aren’t comparable as Q1/ FY21 was an absolute washout as a result of pandemic and This fall and full 12 months FY20 had ₹119 crore and ₹234 crore as dividend revenue respectively,” the corporate mentioned in a submitting, including that there was no dividend revenue in FY21.As on March 31, the corporate’s surplus money and money equivalents stood at ₹17,689 crore as towards ₹14,322 crore a 12 months earlier.The board really useful a dividend of ₹140 per share . The entire payout in direction of dividend would quantity to ₹four,051 crore.The board additionally introduced the appointment of Niraj Bajaj as new chairman of the board with impact from Could 1. Non-executive chairman Rahul Bajaj has been appointed chairman emeritus.“Rahul Bajaj, having been on the helm of the corporate since 1972 and the Group for 5 many years, contemplating his age, has tendered his resignation with impact from shut of enterprise hours on 30 April 2021,” Bajaj Auto mentioned, including the board had really useful his new appointment for a interval of 5 years.

Recent Articles

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox