Millennium Post

Bajaj Auto’s 4th quarter unit volumes skid 4.6%

Bajaj Auto Ltd on Thursday reported a marginal decline of 0.2 per cent in its standalone net profit for the fourth quarter ended 31 March at Rs 763.93 crore, amid a decline in sales volumes. Bajaj Auto Ltd (BAL) had posted standalone net profit of Rs 765.77 crore during the same period previous year.

The company's net sales on standalone basis during the quarter under review stood at Rs 4,822.66 crore as against Rs 4,651.05 crore in the same quarter last fiscal, up 3.68 per cent, BAL said in a statement.

Unit volume sales were, however, down by 4.63 per cent during the fourth quarter of 2013-14 to 9,35,782 units as against 9,81,242 units in year-ago period. Export revenue during the quarter stood at Rs 2,076 crore as against Rs 1,597 crore in the same period previous fiscal, up
29.99 per cent. The Board of Directors of the company recommended a 500 per cent dividend of Rs 50 per share entailing a total outgo of Rs 1,693 crore. For the financial year 2013-14, BAL's consolidated net profit increased 7.9 per cent to Rs 3,380.28 crore as against Rs 3,132.69 crore in the previous fiscal.

BAL's consolidated net sales also increased 0.98 per cent to Rs 19,726.28 crore in the financial year 2013-14 as against Rs 19,533.45 crore of 2012-13 fiscal.
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